Suryakund Hydro Electric Limited has launched the initial public offering (IPO) for general investors starting Magh 18. In this second phase, the company is issuing a total of 5,72,431 shares at an issue price of NPR 100 per share. Of these, 34,484 shares have been reserved for collective investment funds and 13,793 shares for company employees, while the remaining shares are open to general investors.
Investors can apply for a minimum of 10 shares and a maximum of 50,000 shares. The IPO will initially remain open until Magh 21, and if sufficient applications are not received during this period, it may remain open until Falgun 3.
CARE Ratings Nepal has assigned Suryakund Hydro Electric a CARE-NP BB- issuer rating for this IPO, indicating a moderate level of risk in the company’s ability to meet its financial obligations. The issue manager for the IPO is Kumari Capital Limited. Investors can submit their applications through all C-ASBA member banks and financial institutions approved by the Nepal Securities Board (SEBON) and their designated branches. Applications can also be submitted online using the Mero Share system via the C-ASBA facility.
The IPO applications will be accepted from 10:00 AM on the opening day.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
