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Sahas Urja Limited to Issue IPO from Shrawan 29 for Project Affected Locals

News 05 Aug 2021 2046 0

Initial Public Offering IPO

Sahas Urja Limited is going to open the IPO issue and sale from 2078 Shrawan 29. The company is going to issue IPO for the residents of the project-affected areas.

The company is going to issue 3.5 million units of ordinary shares at the face value of Rs 100 per share. The company's IPO project is about to be evicted for the residents of the affected area of ​​Solukhumbu district. The IPO issuance will be closed on Bhadra 11 at the earliest and on Bhadra 27 lastly.

Applications for the IPO can be submitted from Global IME Bank, Salleri Solukhumbu, Nepal Investment Bank, Lukla, Laxmi Bank, Mugli, and Nele Branch Solukhumbu, Machhapuchhre Bank, Salleri, Solukhumbu, and Prime Commercial Bank, Ramite Branch, Solukhumbu. In addition, applications can be submitted from all C-ASWA member banks and financial institutions and their branch offices approved by the Nepal Securities Board.

The issue and sale manager of the company is NIBL ​​Ace Capital Limited. Investors will be able to apply for a minimum of 10 units and a maximum of 1 million 50 thousand units.

ICRA Nepal has given ICRA NP IR Double B Plus rating to the company in the rating given for the IPO issue. This indicates a moderate risk in the company's ability to bear responsibility.