Suryakunda Hydro Electric Limited Closing IPO Shares to Project-Affected Locals of Nuwakot From Today

Summary

Suryakunda Hydro Electric Limited is closing its IPO shares allocation for project-affected locals of Nuwakot District on 23rd Poush 2082, offering 6,89,675 units worth Rs. 6.89 Crores.

Key Points
  • Suryakunda Hydro Electric Limited is closing the issue of 6,89,675 IPO shares for project-affected locals of Nuwakot District today.
  • The total issued capital of the company is Rs. 68.96 Crores with 20% allocated to the public.
  • 10% of issued capital is allocated to project-affected locals of Nuwakot, and 10% to the general public at a later date.
  • CARE Ratings Nepal Limited reaffirmed SKHEL’s issuer rating at ‘CARE-NP BB- (Is)’ indicating moderate financial risk.
Article image