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Samling Power Company Limited IPO Date

News 08 Oct 2021 1132 0

Samling Power Company Limited IPO Date

Samling Power Company Limited is going to issue IPO to the public from 2021 October 21 (4th Kartik 2078). The company is about to issue an IPO worth Rs 73 million. Accordingly, Samling Power Company will issue 730,000 units of ordinary shares with a face value of Rs 100 per share.

Out of the total shares to be issued, 2 percent or 14,600 units of shares have been allotted for employees and 5 percent or 36,500 units of shares have been allotted for mutual investment funds. The general public will be able to apply for the remaining 678,900 units.

The general public can apply for the shares till October 25 (Kartik 8, 2078). If the full application is not received within that period, the application date will be extended till 4th November 2021 (18th Kartik 2078). You will have to apply for a minimum of 10 units of shares and you will have to apply for a maximum of 20,000 units of shares.

In the rating given for IPO issuance, ICRA Nepal has given ICRNP IR Double B minus rating to the company. This indicates that Samling Power Company has moderate risk in fulfilling its financial obligations.

The issuance and sale manager of Samling Power Company is Nepal SBI Merchant Banking Limited. The public can apply from all C-ASBA member banks and financial institutions approved by the Securities Board of Nepal (SEBON) and their branch offices and the MeroShare app.