Shikhar Power Development Limited Closing IPO Shares to Project-Affected Locals of Baglung From Today
Summary
Shikhar Power Development Limited is closing its IPO share issue for project-affected locals in Baglung, offering 980,000 units at Rs. 100 each, with plans for hydropower projects starting commercial operations by 2025 and 2027.
Key Points
- Shikhar Power Development Limited is closing an IPO share issue of 980,000 units for project-affected locals in Baglung on 21st Magh, 2082.
- The total issued capital is Rs. 98 Crores, with 32.65% allocated to the public, including 10% for project-affected locals and Nepalese abroad.
- Global IME Capital Limited is the issue manager for the IPO, and ICRA Nepal Limited has upgraded the company’s credit rating from BB- to BB.
- SPDL has developed a 4.96-MW Bhim Khola project starting in 2025 and plans a 6.05-MW Lower Bhim Khola project expected by 2027.
