IPO for General Public: Shikhar Power Development Limited Issue 18,42,600 Units IPO Shares from Today
Summary
Shikhar Power Development Limited has opened its IPO issuing 18,42,600 shares at Rs. 100 per unit, with a capital allocation including locals, NRNs, employees, and mutual funds, for its hydropower projects in Baglung district.
Key Points
- Shikhar Power Development Limited has launched its IPO offering 18,42,600 shares to the general public starting 17th Falgun 2082.
- A portion of shares is reserved for project-affected locals, Nepalese working abroad, company employees, and mutual funds.
- Global IME Capital Limited is managing the issue, and ICRA Nepal Limited has upgraded the company's issuer rating to BB.
- The company is developing two hydropower projects in Baglung district with capacities of 4.96 MW and 6.05 MW, set for operation in 2025 and 2027 respectively.
