Nepal, Feb. 1 -- Suryakunda Hydropower Limited has issued an Initial Public Offering (IPO) for the general public, beginning Sunday. The company opened the issue after completing share allocation for foreign employment-based Nepalis and local residents.

In the second phase, the company has offered 572,431 ordinary shares to the public at a face value of Rs 100 per share, amounting to Rs 57.24 million.

Investors can apply for a minimum of 10 shares and a maximum of 50,000 shares until February 4.

Suryakunda Hydropower has received approval to issue shares worth Rs 137.53 million, which represents 20 percent of its issued capital of Rs 685.67 million.

For the IPO, Care Ratings Nepal has assigned the company a CARE-NP BB- (Issuer) rating...