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Sahas Urja Limited IPO Date

News 15 Sep 2021 2073 0

Sahas Urja Limited IPO Date

Sahas Urja Limited is going to issue IPO to the public from 2078 Ashoj 6 (September 22, 2021). Sahas Urja is about to issue an IPO worth Rs 700 million. Accordingly, Sahas Urja will issue 7 million units of ordinary shares with a face value of Rs 100 per share. 

Out of the total shares to be issued, 3 percent or 210,000 units of shares have been allotted for employees and 5 percent or 350,000 units of shares have been allotted for collective investment funds. The general public will be able to apply for the remaining 64,00,000 units. 

The general public can apply for the shares till the 10th of Ashoj. If no full application is received within that period, the application date will be extended till Ashoj 20th. You have to apply for a minimum of 10 units of shares and a maximum of 1 million 50 thousand units of shares will have to be applied for purchase. 

In the rating given for the IPO issue, ICRA Nepal has given Sahas Urja ICRP IR Double B Plus rating. This indicates that there is a moderate risk for the company to meet its financial obligations. 

NIBL Ace Capital Limited is the issuer and sales manager of Sahas Urja. The general public can apply from all C-ASBA member banks and financial institutions and their branch offices approved by Nepal Securities Board.