IPO Issue of Shikhar Power Development Limited Closing Today; Oversubscribed 15.00 Times So Far
Summary
Shikhar Power Development Limited's IPO is closing today, having been oversubscribed 15 times, with projects to commence operations by 2025 and 2027 in Baglung District.
Key Points
- Shikhar Power Development Limited is closing its IPO issue of 18,42,600 shares at Rs 100 par value.
- The IPO has been oversubscribed 15 times, with 24,82,739 applicants for 2,76,40,060 units.
- ICRA Nepal Limited upgraded the company's issuer rating from BB- to BB, indicating moderate financial risk.
- The company has developed a 4.96-MW hydro project starting commercial operation by January 2025 and plans a 6.05-MW project by June 2027 in Baglung.
