Manakamana Engineering Hydropower Limited is set to release 2,276,620 IPO shares with a face value of Rs 100 each, starting from the 28th of Shrawan, 2080. The initial closing date for the IPO is on the 31st of Shrawan, and if the shares aren’t fully subscribed by then, the deadline could be extended until the 10th of Bhadra, 2080.
Earlier, the company had offered 800,000 unit shares valued at Rs. 8 crores to locals affected by the project in Dolakha District. However, only 183,380 units (22.92%) found valid takers. Consequently, the remaining 616,620 unsubscribed units from the project-affected locals are combined with 2,000,000 units (25% of the total issued capital, earmarked for the general public), resulting in a total of 2,616,620 units available for the general public.