Kathmandu. Kalinchowk Hydropower Limited has opened its initial public offering (IPO) for the general public. The company has already distributed its shares to project-affected locals and Nepalis who are in foreign employment.

The company had received permission from the Securities Board of Nepal (SEBON) to issue a total of 13,75,000 units of shares at Rs 100 per share.A part of this has already been distributed to the Nepalis in the affected areas and abroad.

Now, 41,250 units have been set aside for mutual funds and 16,500 units have been set aside for the employees of the company and the remaining 6,84,750 units have been set aside for the general public.

Applications can be place for minimum 10 units and maximum 10,000 units. The last date to apply is April 25. The issue manager for the IPO is RBB Merchant Banking Limited ( Limited The applications can be submitted through CDS & Clearing Limited’s ‘My Share’ system and c-ASBA member bank and financial institutions.