Sanigad Hydro Limited Closing 5,70,000 Units IPO Shares to Foreign Nepalese Immigrants From Today
Summary
Sanigad Hydro Limited is closing its IPO issue for foreign Nepalese immigrants today, offering 570,000 shares as part of its public offering for the 38.46 MW Upper Kalanga Gad hydroelectric project in Bajhang, Nepal.
Key Points
- Sanigad Hydro Limited is closing the IPO for foreign Nepalese immigrants on 11th Chaitra, 2082.
- The company's issued capital is Rs. 2.85 Arba with 30% shares issued to the public.
- 10% of the public share issue is allocated to project-affected locals in Bajhang district.
- 5,70,000 unit shares are set aside for Nepalese citizens working abroad, with the issue now closing.
- Sanima Capital Limited manages the issue; ICRA Nepal upgraded the company rating to BB-.
- Sanigad Hydro commissioned the 38.46 MW Upper Kalanga Gad hydroelectric project in Bajhang, Sudurpaschim Province.
