Shikhar Power Development Limited received approval from the Nepal Securities Board on Poush 16, 2082 B.S., to issue an Initial Public Offering (IPO). The company plans to raise NPR 32 crore through the issuance of 32 lakh shares.
The first phase of the IPO opened on Magh 6, 2082 B.S., specifically for Nepali citizens working abroad with valid labor permits. Under this phase, a total of 2,22,000 shares have been allocated. Applicants in this group can apply for a minimum of 10 shares and a maximum of 10,000 shares.
Following the allocation for Nepali workers abroad, the company plans to open the IPO for the general public. Global IME Capital Limited has been appointed as the IPO issue and sales manager to manage the offering.
The IPO application for Nepali workers abroad closes today, Magh 9, 2082 B.S., giving eligible applicants the final opportunity to participate in the first phase before the public offering begins.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
