Shikhar Power Development Limited Issues IPO for General Public From Today: In Depth Analysis of Company Performance
Summary
Shikhar Power Development Limited has issued an IPO offering 32.65% shares to the public, with a positive outlook on future financial growth driven by its hydropower projects.
Key Points
- Shikhar Power Development Limited has issued 3,200,000 ordinary shares for public subscription at Rs 100 each, offering 32.65% of total shares.
- The company’s Bhim Khola Small Hydropower Project is operational, while the Lower Bhim Khola Cascade Project is under construction, expected to increase capacity and revenue.
- Financial projections show a recovery from a loss in FY 2081/82 to steady profit growth with earnings per share expected to reach Rs 13.81 by FY 2084/85.
- Despite short-term risks from cash reserves and startup losses, the company anticipates strong growth and improving return on equity over the next three years.
