Feb 06, Kathmandu - The company has been granted permission to issue 3.1 million shares, accounting for 20 percent of its total paid-up capital, valued at approximately Rs. 310 million. Out of these, 1.55 million shares have been allocated to local residents in project-affected areas, while an equal number has been issued to Nepali nationals working abroad.

Additionally, the company has distributed 77,500 shares among collective investment funds. In the second phase, the company plans to allocate 31,000 shares to its employees. The remaining shares, worth Rs. 128.65 million, will consist of 1.2865 million ordinary shares with a face value of Rs. 100 each.

Applications for the IPO require a minimum of 10 shares and a maximum of 100,000 shares. The IPO is expected to close either on Falgun 10 or Falgun 19, with the exact date to be announced soon. Global IME Capital Limited has been appointed as the issue and sales manager for this share offering.