Today (Falgun 26) is the last day for general investors to apply for the Initial Public Offering (IPO) issued by Shikhar Power Development Limited.
The company issued the IPO for the general public in the second phase after already allotting shares to local residents of the project-affected area and Nepalis working abroad.
The company received approval to issue 3.2 million ordinary shares worth Rs 320 million, which represents 32.65 percent of its issued capital of Rs 980 million. Out of this:
980,000 shares were allocated for local residents of the project-affected area.
222,000 shares were issued for Nepalis working abroad with labor permits.
111,000 shares were allotted to mutual funds.
In the current phase, the company has reserved 44,400 shares for employees, while the remaining 1,842,600 shares have been issued for the general public.
The shares have a face value of Rs 100 per share, totaling Rs 184.26 million. Investors can apply for a minimum of 10 shares and a maximum of 10,000 shares.
The issue manager for the IPO is Global IME Capital Limited.
Investors can apply through the C-ASBA system via banks and financial institutions approved by the Securities Board of Nepal and their designated branch offices.
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