12 crore IPO coming,
Eastern Hydropower has sought permission for 1.24 million lots to issue IPO. On Friday, the company sought permission from the regulatory body Nepal Securities Board to issue 1.24 million IPOs worth Rs 124 million.
The company has stated that it will issue IPO for the project-affected locals in the first phase and IPO for the general public in the second phase after the board gives permission.The issue and sale manager of the company is NMB
Capital Limited. Many other companies are now seeking permission to issue IPOs.Similarly, Khaptad MFI is going to issue IPO to the public. The company has appointed Prabhu Capital in the share register for the issuance of 132,000 shares.
The agreement was signed by Chief Executive Officer Suresh Bahadur Bam on behalf of Khaptad MFI and Managing Director Dinesh Thakali on behalf of Prabhu Capital Limited.
Chairman of Khaptad Microfinance Financial Institution Limited Suman Prasad Shrestha and Director Randev Krishna Shrestha were present on the occasion.
The authorized capital of the microfinance company is Rs 100 million, issued capital is Rs 40 million and the paid up capital from the founders is currently Rs 26.8 million. The paid up capital of the organization will be Rs. 40 million after the issue of shares to the public.