IPO Proposal of Kalanga Hydro and Sanigad Hydro Approved By SEBON
Summary
SEBON has approved the IPO proposals of Kalanga Hydro Limited and Sanigad Hydro Limited, allowing them to issue shares to the public with enhanced issuer ratings.
Key Points
- Securities Board of Nepal (SEBON) approved the IPO proposals of Kalanga Hydro Limited and Sanigad Hydro Limited on Falgun 26, 2082.
- Kalanga Hydro Limited will issue 4,900,000 shares at Rs. 100 each; Sanigad Hydro Limited will issue 8,550,000 shares at Rs. 100 each.
- Sanima Capital Limited and LS Capital Limited have been appointed as issue managers for Kalanga Hydro and Sanigad Hydro respectively.
- Issuer ratings were upgraded by CARE Ratings Nepal Limited for Kalanga Hydro and by ICRA Nepal for Sanigad Hydro, indicating moderate risk of default.
