Sanigad Hydro Revises IPO Schedule for General Public
Summary
Sanigad Hydro Limited has revised the IPO opening to 18th Jestha 2083 and closing to 21st Jestha 2083 for the sale of 46,74,000 unit shares to the general public. The company operates the 38.46 MW Upper Kalanga Gad Hydroelectric Project in Bajhang district.
Key Points
- Sanigad Hydro Limited has revised the IPO dates for the general public to open on 18th Jestha 2083 and close on 21st Jestha 2083.
- The IPO offers 46,74,000 unit shares to the general public at Rs. 100 per unit, with additional shares allocated for project-affected locals, overseas Nepali citizens, employees, and mutual funds.
- The company operates the 38.46 MW Upper Kalanga Gad Hydroelectric Project in Bajhang district, Sudurpaschim Province.
- ICRA Nepal upgraded Sanigad Hydro's issuer rating to BB- indicating moderate financial risk.
