Mathillo Mailung Khola Jalbidhyut To Issue IPO Shares to Public from Ashwin 18

Mathillo Mailung Khola Hydropower Limited has issued a public offering letter for an Initial Public Offering (IPO), commencing from Ashwin 18, 2080.

The company intends to release 15,00,000 units of IPO shares, equivalent to NPR 15 Crore. Out of these, 10%, which is 1,50,000 shares, will be designated for Nepali citizens employed abroad.

Furthermore, 5%, totaling 75,000 shares, has been set aside for mutual funds. In addition, within the affected regions of the project, 1,27,50,000 units of shares have been sold, and the remaining 9,200 units have been included for the general public, making a total of 12,84,200 units of shares to be offered to the public.

The deadline for public applications for these 12,84,200 units of shares is Ashoj 22. If all shares are not sold by this date, the company has indicated that applications will still be accepted until Kartik 2.

Interested individuals can apply for shares through C-ASBA receiving banks, financial institutions, and the Mero Share platform.

Sanima Capital has been appointed as the issue manager. Applications can be made for a minimum of 10 units and a maximum of 10,000 units.

CARE Ratings Nepal Limited (CRNL) has assigned a 'CARE-NP BB-' rating to Mathillo Mailung Khola Hydropower Limited. This rating indicates that issuers with this rating are moderately likely to meet their financial obligations in a timely manner in Nepal.