Shikhar Power Development Limited Opens IPO for Project-Affected Locals and Foreign Nepalese Immigrants From Today
Summary
Shikhar Power Development Limited launches its IPO offering shares to project-affected locals and Nepalese citizens working abroad, raising capital for the Bhim Khola hydro projects in Baglung District.
Key Points
- Shikhar Power Development Limited has opened its IPO offering 9,80,000 shares to project-affected locals and 2,22,000 shares to Nepalese working abroad.
- The IPO targets locals affected by the Environmental Impact Assessment and power transmission in Baglung District and Nepalese abroad.
- The company will issue a total of 32,00,000 shares to the public, with a par value of Rs. 100 per share.
- Shikhar Power Development Limited operates hydropower projects including the 4.96-MW Bhim Khola project and upcoming 6.05-MW Lower Bhim Khola project, with commercial operations targeted for 2025 and 2027 respectively.
