IPO of Hydropower development company worth of Rs. 2 billion open , application deadline expanded by 3 days

Kathmandu October 29- Initial Public Offering of Hydropower Development Company worth of Rs. 2 billion has been opened from today. Company has called on application for IPO from October 21 to November 5.

Company has expanded three more days to apply for the IPO due to the problem of transportation for general public as a result of Indian undeclared blockade. Earlier, the application deadline was November 2 which expanded till November 5.

Citizen Investment Trust as a Share Registrar for the company while NMB capital and NCM Merchant as co-registrar have arranged 40 centers of 30 financial institutions to apply for the IPO. This is considered as the largest IPO of Hydro power sector till date.