Shikhar Power Development Limited will open its initial public offering (IPO) to the general public from Falgun 17. The company plans to issue a total of 18,42,600 ordinary shares for public subscription.
Investors can apply for the IPO through designated branches of member banks and financial institutions approved by the Nepal Securities Board, as well as online via the “Mero Share” system. According to the company, the IPO will remain open at the earliest until Falgun 22 and at the latest until Chaitra 1.
The IPO issuance and sales management will be handled by Global IME Capital Limited. The company had previously received approval from the Nepal Securities Board on Poush 16 for the issuance of 32 lakh ordinary shares at a face value of Rs. 100, totaling Rs. 32 crore.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
