Last Day to Apply for Solu Hydropower IPO; Asha Laghubitta Dividend Secure Today

Kathmandu, Mangsir 21 — Today is the final day to apply for the IPO issued by Solu Hydropower Limited for the residents of the project-affected areas. Similarly, today also marks the last opportunity to secure the announced dividend of Asha Laghubitta Bittiya Sanstha Limited.

Solu Hydropower had received approval from the Securities Board of Nepal to issue 2 crore shares—20 percent of its Rs. 10 billion issued capital. Out of this, 1 crore ordinary shares, priced at Rs. 100 per share, have been allocated exclusively for residents of the project-affected regions.

Among these, residents of the highly affected localities—Solududhkunda Municipality Wards 7 and 11, and Thulung Dudhkoshi Rural Municipality Ward 1—have been allotted 40 lakh shares. The remaining 60 lakh shares will be distributed among residents of other wards within the same municipalities. Applicants may apply for a minimum of 10 shares and up to a maximum of 100,000 shares. Nabil Investment Banking Limited is serving as the issue and sales manager.

Local residents can submit their applications from Global IME Bank’s Salleri branch, Laxmi Sunrise Bank’s Nele branch, and the Tingla office located near the project site. An application fee of Rs. 2 is required while submitting the form.

Meanwhile, today is also the last day to secure the dividend announced by Asha Laghubitta. The company is closing its books on Mangsir 22, meaning only those shareholders who have traded and are listed on NEPSE by today will be eligible for dividend distribution and participation in the annual general meeting.

Asha Laghubitta has scheduled its AGM for Poush 4 at Hotel Arniko Pvt. Ltd., Dhulikhel. The meeting will begin at 2 PM. The AGM will endorse a special proposal to distribute a 9.5 percent bonus share and 0.5 percent cash dividend for tax purposes. Additionally, proposals related to potential merger or acquisition activities, amendments to the company’s memorandum and articles of association, and appointment of an auditor will also be tabled.