Super Khudi Hydropower Limited has rescheduled the opening of its public IPO applications. Initially set to begin on Falgun 4, the IPO will now open on Falgun 5 to avoid overlapping with Rizline Energy Limited’s IPO, according to a letter from CDSC. The company plans to issue 12,86,500 ordinary shares at a face value of NPR 100 per share, allowing investors to apply for a minimum of 10 shares and a maximum of 1 lakh shares. With the revised opening date, the IPO application period will now close as early as Falgun 11 and no later than Falgun 20.
CARE Ratings Nepal has assigned the IPO a CARE-NP BB Issuer Rating, indicating a moderate risk in the company’s ability to meet its financial obligations. The IPO’s issue and sales management have been entrusted to Global IME Capital Limited, and investors can submit applications through the C-ASBA system via banks and financial institutions approved by the Nepal Securities Board (SEBON).
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
