Sanigad Hydro Limited Concludes IPO Allotment for Nepalese Citizens Working Abroad; 57,000 Lucky Applicants Receive 10 Units Each
Summary
Sanigad Hydro Limited concluded its IPO allotment for Nepalese citizens working abroad, allocating 10 units each to 57,000 successful applicants. The company, operating a 38.46 MW hydroelectric project in Bajhang, has received over 83,000 valid applications for its public offering.
Key Points
- Sanigad Hydro Limited concluded its IPO allotment for Nepalese citizens working abroad on 22nd Chaitra, 2082.
- The company's issued capital is Rs. 2.85 Arba, with 30% issued to the public.
- 10% of the issued capital is allocated to project-affected locals in Bajhang District.
- 57,000 applicants were allotted 10 units each from the IPO.
- ICRA Nepal upgraded Sanigad Hydro Limited's issuer rating to BB- from B+.
