Shikhar Power Development Limited Closing 2,22,000 Units IPO Shares to Foreign Nepalese Immigrants From Today
Summary
Shikhar Power Development Limited is closing its IPO share issue today for 2,22,000 units allocated to Nepalese citizens working abroad, part of an oversubscribed public offering for its hydropower projects in Baglung District.
Key Points
- Shikhar Power Development Limited is closing its IPO share issue for 2,22,000 units to Nepalese citizens working abroad today.
- The company has issued 32.65% of its capital, totaling 32,00,000 unit shares, at Rs. 100 par value per unit.
- 10% of the shares are allocated to locals affected by the environmental impact and power transmission lines in Baglung District.
- Shikhar Power Development Limited operates Bhim Khola Small Hydro Projects and plans further hydropower projects, with commercial operations expected by 2025 and 2027.
