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Kathmandu :  Modi Energy has launched an IPO for the general public. Applications can be submitted from today until Sunday. If all shares are not sold by Jeth 2, the company plans to open the IPO until then.

The company has issued 7.25 million shares at a rate of Rs. 100 each. Of these, 2.9 million shares have been allocated for local residents in the affected areas and 435,000 shares have been set aside for Nepalis employed abroad.

Additionally, 322,280 shares have been allocated to the collective investment fund and 128,910 shares have been reserved for employees. The remaining 5,994,420 shares have been made available for the general public.

The IPO will accept applications for a minimum of 10 shares and a maximum of 100,000 shares. Infomeix Nepal has provided the “IRN Double B Plus Rating” to indicate the average risk capacity for financial responsibility. Sunrise Capital will act as the sales manager. The general public can submit applications through the C-ASBA system.

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