Suryakunda Hydro Electric Limited IPO Allotment Concludes: Lucky 57,243 Applicants Allotted 10 Units Each via Lottery System
Summary
Suryakunda Hydro Electric Limited has concluded its IPO allotment with 57,243 applicants allotted 10 units each through a lottery. The project operates an 11 MW hydropower plant in Nuwakot district under the BOOT model.
Key Points
- Suryakunda Hydro Electric Limited issued 572,431 units in its IPO to the general public.
- 57,243 applicants were allotted 10 units each via a lottery system, with one applicant receiving 11 units.
- The company operates the 11 MW Upper Tadi Khola Hydropower Project in Nuwakot, Bagmati Province.
- CARE Ratings Nepal Limited reaffirmed the issuer rating of ‘CARE-NP BB- (Is)’ indicating moderate default risk.
