Super Khudi Hydropower Limited will open its IPO to the general public from Falgun 5, issuing 12 lakh 86 thousand 500 ordinary shares at Rs. 100 per share worth Rs. 12 crore 86 lakh 50 thousand.
Super Khudi Hydropower Limited is set to issue shares to the general public under the second phase of its IPO. The company has already completed the allotment of shares issued to project-affected local residents and Nepalis working abroad.
In this phase, the company has allocated 31 thousand shares for employees. The remaining 12 lakh 86 thousand 500 ordinary shares, equivalent to Rs. 12 crore 86 lakh 50 thousand at a face value of Rs. 100 per share, will be issued to the general public.
Investors can apply for a minimum of 10 shares and a maximum of 1 lakh shares. The IPO will close on Falgun 11 at the earliest. If sufficient applications are not received, the issue will remain open until Falgun 20.
For the issuance, Care Ratings Nepal has assigned the company a CARE-NP BB (CARE-NP Double B) Issuer Rating, indicating a moderate level of risk in the company’s ability to meet its financial obligations.
The issue and sales manager is Global IME Capital Limited. Investors can apply through banks and financial institutions participating in the ASBA service approved by the Nepal Securities Board, using the C-ASBA system.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
