Super Khudi Hydropower Limited has announced that it will open its Initial Public Offering (IPO) to the general public starting from Falgun 4 (B.S.). The company has already completed the allotment of IPO shares issued in the first phase to project-affected local residents and Nepalis employed abroad. Following this, the company is now moving ahead with the second phase of the IPO for the general public.
In the second phase, the company has reserved 31,000 shares for its employees. After this allocation, the remaining IPO worth Rs 12 crore 86 lakh 50 thousand will be issued to the general public. This includes 12 lakh 86 thousand 500 ordinary shares, each with a face value of Rs 100.
Investors applying for this IPO can submit applications for a minimum of 10 shares and a maximum of 1 lakh shares. The issue will close early on Falgun 10 (B.S.) if fully subscribed. However, if the issue is not fully subscribed by that date, it will remain open until Falgun 19 (B.S.).
For the purpose of IPO issuance, CARE Ratings Nepal has assigned Super Khudi Hydropower Limited a CARE-NP BB issuer rating. This rating reflects a moderate level of risk in the company’s ability to meet its financial obligations.
The issue and sales manager for the IPO is Global IME Capital Limited. Investors can apply through the C-ASBA system using banks and financial institutions that have received approval from the Nepal Securities Board to provide ASBA services.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
