Sanigad Hydro Limited Opens IPO for Project-Affected Locals and Foreign Nepalese Immigrants From Today
Summary
Sanigad Hydro Limited has opened its IPO for project-affected locals of Bajhang District and Nepalese citizens working abroad, offering a total of 34,20,000 shares starting 8th Chaitra, 2082.
Key Points
- Sanigad Hydro Limited has commenced its IPO issuing 28,50,000 shares to locals of Bajhang District and 5,70,000 shares to Nepalese citizens working abroad.
- The IPO for Bajhang locals runs from 8th to 22nd Chaitra 2082 with possible extension to Baishakh 07, 2083; for Nepalese abroad, from 8th to 11th Chaitra 2082 with possible extension to 22nd Chaitra.
- The company has an issued capital of Rs. 2.85 Arba, with 30% (85,50,000 shares) offered to the public; 10% allocated to project-affected locals and 20% to general public, including abroad workers.
- Sanima Capital Limited acts as the issue manager and ICRA Nepal upgraded the issuer rating of Sanigad Hydro Limited to ICRANP-IR BB- from ICRANP-IR B+.
