Shikhar Power IPO Sets Record with 2.76 Million Applicants, Highest in Nepal’s IPO History
Summary
Shikhar Power Development Limited's IPO closed with a record 2.76 million applicants, marking the highest number in Nepal's IPO history and indicating strong retail investor interest in the hydropower sector.
Key Points
- Shikhar Power Development Limited's IPO attracted 2,767,114 applicants, the highest ever in Nepal's history.
- The company issued 32.65% of its capital to the public, equaling 3,200,000 shares.
- 10% of issued capital was allocated to locals affected by the project in Baglung District.
- Shares were segmented for various groups, including Nepalese abroad, employees, mutual funds, and the general public.
