Kalinchowk Hydropower Limited Closing 82,500 Units IPO Shares to Foreign Nepalese Immigrants From Today
Summary
Kalinchowk Hydropower Limited is closing the issue of 82,500 IPO shares allocated to foreign Nepalese immigrants. The company has raised strong interest with an oversubscription of 12.32 times.
Key Points
- Kalinchowk Hydropower Limited is closing its IPO share issue to foreign Nepalese immigrants on 17th Falgun 2082.
- The company has allocated 82,500 units of shares specifically to Nepalese citizens working abroad.
- The IPO has been oversubscribed 12.32 times with 73,827 applicants applying for 10,16,970 units.
- CARE Ratings Nepal Limited reaffirmed the issuer rating of ‘CARE-NP BB (Is)’ indicating a moderate default risk.
