Good news for locals of Dolakha district; application for the IPO of Upper Tamakoshi can be placed from Kathmandu

The issuance of Upper Tamakoshi IPO will now be applicable from Kathmandu as well. Securities Board of Nepal has stated that the eligible applicants will be able to apply in the public offering of the hydropower company through the designated places of Kathmandu valley.

For the applicants in Dolakha district, 21 collection centers have been maintained and for the areas without banking institutions mobile collection centers will be operated. If the operation of mobile collection centers is also not possible then the collection will be made through volunteers.

Demat account is not required for the initial issuance but it will be required for trading after the completion of locking period. Similarly, bank account of all the applicants is also not required, but a family member needs to have a bank account.

The hydropower company is issuing1.05 crore unit shares for the locals of Dolakha district worth rs 1.05 arba from Shrawan 16, 2075.