IPO Issue of Sanigad Hydro Limited Closing Today; Oversubscribed 5.88 Times So Far
Summary
Sanigad Hydro Limited is closing its IPO issue today after being oversubscribed 5.88 times, offering shares related to its 38.46 MW Upper Kalanga Gad hydroelectric project in Bajhang, Nepal.
Key Points
- Sanigad Hydro Limited is closing its IPO issue of 46,74,000 shares today.
- The IPO was oversubscribed 5.88 times with applicants applying for 2,75,28,100 units.
- The company operates a 38.46 MW hydroelectric project in Bajhang district, Sudurpaschim Province, Nepal.
- ICRA Nepal upgraded the company's issuer rating from B+ to BB- indicating moderate risk.
