The share allotment of the Initial Public Offering (IPO) of Shikhar Power Development Limited is set to take place today.
According to the issue manager Global IME Capital Limited, the IPO allotment program will be held at 8:30 AM.
The company had issued the IPO to the general public from Falgun 17 to Falgun 26, offering 1,842,600 shares.
This IPO received record-breaking interest, with 2,767,114 applicants submitting applications, making it the most applied-for IPO in Nepal’s history.
The company has received an ICRANP Issuer Rating Double B from ICRA Nepal, which indicates a moderate risk regarding the company’s ability to meet its financial obligations.
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