IPO Issue of Suryakunda Hydro Electric Limited Closing Today; Oversubscribed 41.06 Times So Far
Summary
Suryakunda Hydro Electric Limited is closing its IPO issue today after being oversubscribed 41.06 times, issuing shares for its 11 MW Upper Tadi Khola Hydropower Project in Nuwakot district.
Key Points
- Suryakunda Hydro Electric Limited is closing its IPO issue of 572,431 shares today.
- The IPO has been oversubscribed 41.06 times with 20,49,285 applicants applying for 2,35,04,370 units.
- The company operates the 11 MW Upper Tadi Khola Hydropower Project in Dupcheswor Rural Municipality, Nuwakot district.
- CARE Ratings Nepal Limited has reaffirmed the company’s credit ratings, indicating moderate financial risk.
