Shikhar Power Development Limited has stated that the initial public offering (IPO) issued for project-affected local residents will remain open only until today, Magh 21. The IPO was originally opened on Magh 6 for locals affected by the company’s hydropower project.
Earlier, the company had issued a notice on Magh 20 stating that the IPO deadline would be extended until Falgun 8 due to insufficient applications. However, the company later released another notice confirming that the IPO will now close on Magh 21, as an adequate number of applications have been received.
Prior to this, the company had issued shares for Nepali citizens working abroad until Magh 9. The allotment for this category was completed on Magh 15. According to issue and sales manager Global IME Capital Limited, a total of 222,000 shares were allotted to 22,200 applicants who had submitted valid applications.
Under the first phase of the public offering, the company issued 980,000 IPO shares specifically for project-affected local residents. Eligible local applicants are allowed to apply for a minimum of 10 shares and a maximum of 10,000 shares.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
