Kalanga Hydro Limited is set to open its Initial Public Offering (IPO) for the general public starting from Jestha 8.

The company will issue a total of 2.87 million ordinary shares to public investors under the IPO offering.

According to the company, investors will be able to apply for the shares until Jestha 13. The closing date may be extended if the issue is not fully subscribed within the initial period.

Applicants can apply for a minimum of 10 shares and a maximum of 20,000 shares.

Sanima Capital Limited has been appointed as the issue and sales manager for the IPO.

Eligible investors can apply through the C-ASBA system via banks and financial institutions approved by the Securities Board of Nepal (SEBON).