The ordinary share (IPO) of Upper Solu Hydro Electric Company is open from today. The company has opened 1.9 million IPOs for the general public at Rs 100 per share from today.
According to the Securities and Exchange Board, 1,957,500 shares worth Rs 195.75 million have been sold. Of this, 39,150 shares have been allotted for employees. Similarly, 97 thousand 875 lots have been allocated for collective investment funds.
In particular, the company will issue 24.5 percent of its issued paid-up capital of Rs 1.35 billion. Out of this, 1.35 million shares were issued for the project-affected locals.