IPO Proposal of Saurya Krishi Company Limited Added to SEBON's Pipeline
Summary
Saurya Krishi Company Limited has proposed an IPO of 20,00,000 shares worth Rs. 20 crores and added its application to SEBON's pipeline. CARE Ratings Nepal has assigned the company a ‘CARE-NP B+ (Is)’ issuer rating, signaling high default risk.
Key Points
- Saurya Krishi Company Limited has submitted a proposal to issue 20,00,000 shares at a par value of Rs. 100 each through an IPO worth Rs. 20 crores.
- SEBON must approve the offer before the company can sell shares to the public.
- NIC Asia Capital Limited has been appointed as the issue manager for the offering.
- CARE Ratings Nepal Limited has given Saurya Krishi Company Limited a ‘CARE-NP B+ (Is)’ issuer rating, indicating high risk of default.
