United Idi-Mardi & RB Hydropower Limited ( UIMRBHL) is going to issue primary shares to the public from November 18 2020. The company is going to issue 873,910 ordinary shares in the second phase. Earlier, the company had already issued 420,000 units shares as initial public offering IPO in the first phase for project-affected locals in the industrial-affected area of Kaski district. The company is going to issue 873910 shares which include 243910 unsold shares in first phase. Out of the total shares to be issued, 43,696 shares have been distributed to collective investment funds and 17,478 shares have been allotted to employees. General investors will be able to apply for the remaining 812,736 shares. Security Board of Nepal SEBON had given the permission to issue IPO worth 25% percent of the issued capital. The date of IPO issue open is from November 12 2020 to November 15 2020. If the IPO won’t get the application for the total shares within that date then the applicati...
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