IPO Issue of Taksar Pikhuwa Khola Hydropower Limited Closing Today; Oversubscribed 11.45 Times So Far
Summary
Taksar Pikhuwa Khola Hydropower Limited's IPO, opened on 23rd Baishakh, 2083, is closing today after being oversubscribed 11.45 times with significant participation from locals, Nepalese abroad, and mutual funds.
Key Points
- Taksar Pikhuwa Khola Hydropower Limited is closing its IPO issue today after opening on 23rd Baishakh, 2083.
- The IPO has been oversubscribed 11.45 times with 26,04,910 applicants applying for 2,88,11,980 units.
- CARE Ratings Nepal Limited reaffirmed the issuer rating of CARE-NP BB+ (Is) for the company, indicating a moderate credit risk.
- The company is developing an 8 MW run-of-river hydropower project in Bhojpur district, Nepal.
