IPO Issue of Sanigad Hydro Limited Closing Today; Oversubscribed 4.68 Times So Far
Summary
Sanigad Hydro Limited is closing its IPO issue today after being oversubscribed 4.68 times, offering 46.74 lakh shares at Rs 100 each. The company operates a 38.46 MW hydroelectric project in Bajhang, Nepal.
Key Points
- Sanigad Hydro Limited is closing the issue of 46,74,000 IPO shares today, 21st Jestha, 2083.
- The IPO was oversubscribed 4.68 times with 19,79,903 applicants applying for 21,904,220 units.
- The company operates a 38.46 MW Upper Kalanga Gad hydroelectric project in Bajhang district.
- ICRA Nepal upgraded Sanigad Hydro Limited's issuer rating from B+ to BB-.
