Taksar Pikhuwa Khola Hydropower Limited is set to issue its initial public offering (IPO) for the general public starting from Baishakh 23, 2083 B.S. The company will be issuing a total of 25,15,455 ordinary shares at a face value of NPR 100 per share. This public issue is aimed at raising capital from retail investors through Nepal’s capital market.
Investors will be able to apply for a minimum of 10 shares and a maximum of 50,000 shares per application. The IPO subscription period will remain open until Baishakh 28, 2083 B.S. Applicants must submit their applications within the given timeframe through authorized banking and financial institutions participating in the ASBA system.
In terms of credit quality, CARE Ratings Nepal has assigned the company a ‘CARE-NP BB+’ issuer rating. This rating indicates an average level of risk regarding the company’s ability to meet its financial obligations, reflecting moderate credit risk for investors considering participation in the IPO.
The IPO issuance and sales management has been entrusted to Prabhu Capital Limited. Interested investors can apply through ASBA member banks and financial institutions or their designated branches using the C-ASBA system approved by the Securities Board of Nepal.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
