Suryakund Hydro Electric Limited plans to issue its IPO to the general public starting Magh 18. The company had previously issued IPO shares for local residents in project-affected areas and for Nepalis working abroad.
In the second phase, the company will issue 13,793 shares for employees, 34,484 shares for collective investment funds, and the remaining 572,431 shares to the general public, with a par value of Rs. 100 per share. Investors can apply for a minimum of 10 shares and a maximum of 50,000 shares. The application process is expected to start on Magh 21 and remain open until Falgun 3.
Credit Rating Nepal has assigned the company a “CARE NP BB- Issuer Rating”, indicating a moderate risk in fulfilling financial obligations. Kumari Capital Limited is acting as the issue manager for the IPO. Interested investors can apply through all SEBON-approved C-ASBA member banks and financial institutions, their designated branches, or via the ‘Mero Share’ online platform.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
