Kalanga Hydro Limited Concludes IPO Allotment for Project-Affected Locals of Bajhang on 14th Baisakh
Summary
Kalanga Hydro Limited concluded its IPO allotment for project-affected locals in Bajhang District, allocating 14 lakh shares worth Rs. 14 Crores. The company plans a 15.33 MW hydroelectric project and recently upgraded its issuer rating to CARE-NP BB (Is).
Key Points
- Kalanga Hydro Limited concluded IPO allotment for project-affected locals in Bajhang on 14th Baishakh, 2083.
- The company issued 49,00,000 shares to the public, with 10% (14 lakh shares) allocated to project-affected locals in Bajhang District.
- A total of 3,441 valid applications were received for 2,639,960 units, while 34 applications were disqualified.
- CARE Ratings Nepal Limited upgraded Kalanga Hydro Limited's issuer rating to 'CARE-NP BB (Is)' indicating moderate risk.
