Shikhar Power Development Limited's IPO; Deadline Extended for Project Affected Locals Till Falgun 08
Summary
Shikhar Power Development Limited has extended the IPO issuance deadline for project-affected locals in Baglung District until Falgun 08, 2082, offering shares at Rs. 100 each.
Key Points
- Shikhar Power Development Limited extended its IPO issuance deadline until 8th Falgun, 2082 for project-affected locals in Baglung District.
- The company is issuing 32.65% of its Rs. 98 Crores capital as public shares, with 10% allocated to project-affected locals and power transmission line-affected locals.
- Global IME Capital Limited is the issue manager for the public offering.
- ICRA Nepal Limited upgraded the company's issuer rating from BB- to BB, reflecting moderate credit risk.
