Although the company had extended the IPO period until Vaishakh 7, 2083 B.S., the offering will close after banking hours today due to oversubscription. Sanigad Hydro has issued 28,50,000 ordinary shares exclusively for local residents of the project-affected area.
Of these, 18,52,500 shares are allocated to residents of highly affected areas in Sudurpashchim Province, Bajhang District, Bungel Municipality Wards 1, 2, and 4, while the remaining 9,97,500 shares are distributed among residents of Bungel Municipality Wards 3, 5, 6, 7, 9, 10, and 11.
Applicants can apply for a minimum of 10 shares and a maximum of 20,000 shares. The IPO is managed by Laxmi Sunrise Capital Limited.
ICRA Nepal has assigned the company an “ICRANP Issuer Rating BB-”, indicating a medium risk in fulfilling its obligations.
Local residents can submit applications at Laxmi Sunrise Bank, Chainpur Branch, Global IME Bank, Rastriya Banijya Bank, and Agricultural Development Bank, Bajhang branches, or at the powerhouse office in Virabagar, Bungel. A fee of Rs 2 is required to obtain the share application form.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
