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Shares of United Mardi Hydropower are open for sale from Kartik 27, how much can you buy?

United Idi Mardi Hydropower is set to open its IPO sale on Kartik 27. The company had earlier sold shares to locals affected by the project. 
 By adding the unsold shares of the locals at that time, a total of 873,910 shares are about to be issued to the public. Earlier, out of the 420,000 shares issued to the locals, 243,910 shares could not be sold.

Out of the shares to be issued, 43,696 shares have been allotted to mutual funds and 17,478 shares have been allotted to employees. The general public will be able to apply for the remaining 8 lakh 12 thousand 736 lots.

Applications can be submitted till Mangsir 3. If all the shares are not sold within that period, it can be filled up by Mangsir 11. It will be possible to apply for a minimum of 10 lots and a maximum of 10,000 lots at the rate of Rs. 100 per lot. 

Global IME Capital will act as the sales manager for the IPO. Care Rating Nepal has given it a grade 4 rating. This indicates that the company's position is weaker than average. Investors will be able to apply through C-ASWA.

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