Shikhar Power Development Limited Concludes IPO Allotment for Project-Affected Locals of Baglung
Summary
Shikhar Power Development Limited concluded the IPO allotment for project-affected locals of Baglung, issuing shares worth Rs. 9.80 Crores to them as part of a Rs. 98 Crores capital raise.
Key Points
- Shikhar Power Development Limited concluded its IPO allotment for project-affected locals and power transmission line-affected locals in Baglung on 29th Magh, 2082.
- The company has an issued capital of Rs. 98 Crores, with 32.65% shares issued to the public, including 10% allocated for project-affected locals and transmission line-affected locals.
- Applications totaled 2,467 valid submissions for 17,52,230 units with 22 applications disqualified.
- SPDL has developed a 4.96-MW Bhim Khola Small Hydro Project and is planning a 6.05-MW Lower Bhim Khola Cascade Hydro Project, both in Baglung district.
