Shikhar Power Development Ltd. has extended the Initial Public Offering (IPO) application deadline for residents of the project-affected areas. Initially, local residents were allowed to submit applications only until Magh 20, 2082 B.S., but due to low demand, the deadline has now been extended to Falgun 8, 2082 B.S., during banking hours. The issue manager, Global IME Capital Ltd., has stated that the IPO may close earlier if sufficient applications are received before the deadline.
The company began the first phase of the IPO on Magh 6, 2082 B.S., targeting both local residents and Nepali workers abroad. For Nepalis working abroad, the IPO closed on Magh 9, 2082 B.S.
Out of the total shares being issued, 980,000 shares have been allocated specifically for residents of the project-affected areas. Eligible applicants include all residents of Wards 1–10 of Badi Gaad Rural Municipality in Baglung District, as well as residents of Wards 2, 3, 4, and 5 of Dhorpatan Municipality affected by the project’s electricity transmission lines.
Local residents can apply for a minimum of 10 shares and a maximum of 10,000 shares under this allocation. Applications can be submitted through the following bank branches: Global IME Bank – Naxal, Burtibang, and Baglung Bazar, Prabhu Bank – Gwalichaur Branch, Garima Bikas Bank – Burtibang Branch, and Shine Resunga Development Bank – Burtibang Branch.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
