Shikhar Power Development Limited is set to issue its Initial Public Offering (IPO) from Falgun 17. The company plans to offer a total of 1,842,600 ordinary shares to the general public.
Out of the total shares, 111,000 shares are reserved for mutual funds and 44,400 shares are allocated for company employees. The remaining shares will be available for general investors. Applicants can apply for a minimum of 10 shares and a maximum of 10,000 shares.
Applications can be submitted through ASBA member banks and financial institutions approved by the Securities Board of Nepal (SEBON) and their designated branches. Investors may also apply online via the “Mero Share” system. According to the company, the IPO will remain open from Falgun 17 until Falgun 22 at the earliest and Chaitra 1 at the latest.
The issuance and sales management of this IPO is being handled by Global IME Capital Limited.
About the Author
