Today, Falgun 26, is the final day to apply for the IPO issued by Shikhar Power Development Limited for the general public.
Shikhar Power Development Limited opened its IPO for the general public on Falgun 17, and the company has stated that Falgun 26 (Tuesday) is the final day to submit applications. According to regulations, an IPO must remain open for at least four working days. However, due to public holidays from Falgun 20 to Falgun 22 related to the elections and another public holiday on Falgun 24 for International Women Workers’ Day, the application deadline was extended until Falgun 26.
The company has issued 1,842,600 shares to the general public, excluding 44,400 shares reserved for employees. Investors can apply for a minimum of 10 shares and a maximum of 10,000 shares. The issue and sales manager for the IPO is Global IME Capital Limited.
Prior to opening the IPO for the general public, the company had already issued and allotted shares to project-affected local residents and Nepalis working in foreign employment. The Securities Board of Nepal (SEBON) had granted approval to the company to issue the IPO on Poush 16.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
