Suryakund Hydro Electric Limited is set to open its Initial Public Offering (IPO) for the general public starting Sunday, Magh 18. The company has already completed the IPO issuance for project-affected local residents and Nepalis working abroad in earlier phases.
In the second phase, the company will issue the remaining shares, including 13,793 shares reserved for employees and 34,484 shares for mutual funds, along with 572,431 shares for general investors. The face value of each share is NPR 100. Investors can apply for a minimum of 10 shares and a maximum of 50,000 shares. The application period will remain open until Fagun 3, with early closure possible from Magh 21 if the issue is fully subscribed.
Care Ratings Nepal has assigned the company a “CARE-NP BB- Issuer Rating,” indicating a moderate level of risk in the company’s capacity to meet its financial obligations.
Kumari Capital Limited has been appointed as the issue and sales manager for the IPO. Investors can apply through all SEBON-approved C-ASBA member banks and financial institutions, their designated branches, or via the ‘Mero Share’ online system operated by CDS and Clearing Limited.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
