Kalanga Hydro Limited has announced the issuance date of its Initial Public Offering (IPO) for the general public. The company will open the IPO for subscription from May 22 to May 27.

The hydropower company plans to issue 2.87 million ordinary shares at a face value of NPR 100 per share. Interested investors 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. Investors are advised to submit their applications within the specified timeframe.