Today is the last day to apply for the IPO of Upper Tamakoshi Hydropower Project for the applicants applying from Kathmandu.

Upper Tamakoshi Hydropower company (UTHPL) has issued the shares to collect Rs 1.05 arba from the locals of the project affected area.

Citizens Investment Trust and Sunrise Capital have been appointed as the issue managers for the IPO issue.

Previously, the last day for the application for the IPO was till Shrawan 25, 2075.

ICRA Nepal has assigned Grade 4 rating to the IPO issuance indicating below average fundamentals.

The minimum applications can be placed for 30 units and maximum for 300 units. The locals need to apply by filling the forms and submitting it to the designated collection centers.