KATHMANDU, March 1: Shikhar Power Development Company has opened its IPO for the general public starting Sunday.
The company has allocated 1,842,600 shares worth Rs 184.26 million for public investors, while 44,400 shares have been set aside for employees. Earlier, the IPO was distributed to local residents in project-affected areas and Nepalis working abroad.
Investors can apply for a minimum of 10 shares and a maximum of 10,000 shares. The IPO will close no earlier than March 10 and no later than March 15.
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ICRA Nepal has assigned the company an issuer rating of “ICRANP BB,” indicating a moderate risk in meeting financial obligations. Global IME Capital Limited is managing the share issuance and sale.
