IPO for General Public: Kalanga Hydro Limited to Issue 28,70,000 Units IPO Shares from Jestha 08
Summary
Kalanga Hydro Limited announces an IPO of 2,870,000 shares opening from 8th Jestha 2083, offering shares to the general public, project-affected locals, employees, and mutual funds.
Key Points
- Kalanga Hydro Limited will open an IPO to the general public on 8th Jestha, 2083, issuing 2,870,000 shares at Rs. 100 each.
- The company’s total issued capital is Rs. 1.40 Arba, with 35% (4,900,000 units) offered to the public.
- Of the public shares, allocations include 14 lakh units to project-affected locals in Bajhang District and 3,50,000 units to Nepalese abroad.
- Sanima Capital Limited is the issue manager, and CARE Ratings Nepal Limited upgraded Kalanga Hydro’s rating to ‘CARE-NP BB (Is)’ indicating moderate risk.
