Kalanga Hydro Limited Issuing IPO Shares to Locals of Bajhang District And Nepalese Employed Abroad From Chaitra 10
Summary
Kalanga Hydro Limited is issuing IPO shares to locals of Bajhang District and Nepalese citizens working abroad starting from 10th Chaitra 2082, with allocations and subscription guidelines detailed.
Key Points
- Kalanga Hydro Limited is issuing IPO shares specifically to project-affected locals in Bajhang District and Nepalese working abroad starting 10th Chaitra 2082.
- 35% of the company's issued capital, 49,00,000 unit shares, will be offered to the public including 10% reserved for Bajhang locals and 10% set aside for Nepalese abroad.
- Minimum and maximum application quantities are defined for different categories: 10 to 20,000 units per applicant.
- Sanima Capital Limited is the issue manager and CARE Ratings Nepal Limited has revised the issuer rating to ‘CARE-NP BB (Is)’, indicating moderate default risk.
