Shikhar Power Development Limited Issuing IPO Shares to Locals of Baglung District And Nepalese Employed Abroad From Magh 06
Summary
Shikhar Power Development Limited is issuing IPO shares to Baglung locals and Nepalese abroad from Magh 06, with shares allocated to project-affected locals and general public.
Key Points
- Shikhar Power Development Limited is issuing IPO shares to project-affected locals in Baglung and Nepalese employed abroad starting Magh 06, 2082.
- The company has an issued capital of Rs. 98 Crores, with 32.65% issued to the public and 10% allocated to affected locals of Baglung District.
- Global IME Capital Limited is appointed as the issue manager for the public offering.
- ICRA Nepal Limited upgraded Shikhar Power Development Limited's issuer rating from BB- to BB, indicating moderate credit risk.
