Shubham Power Limited has announced that the company will issue an IPO to the general public from February 1 (Magh18). As the company has already issued IPO for the residents of project affected areas and Nepalese who are employed abroad, now it is about to issue IPO for general public.
Also read: Opeaning Range of Shuvam Power
The company is going to issue 4 lakh 81 thousand 822 shares with a face value of Rs 100 per share to the general public. The application for the IPO of the company can be made till the 22nd of Magh ( February 5). If the complete application is not received by that period, the application can be submitted until the 3rd of Falgun (15th of February).
Applicants can apply for a minimum of 10 shares and a maximum of 5,000 shares. Muktinath Capital Limited is the company’s share issue and sales manager.
Care Rating Nepal has given Care NP Double B Plus Issuer Rating in the rating given for the IPO issue. This indicates that there is an average risk in the ability of the company to bear its financial obligations.
Also read: ipo of Shuvam hydropower
Investors can apply through C-ASBA system using all participating banks and financial institutions in ASBA services and Mero share. that have received permission from the Securities Board Of Nepal (SEBON).
The company has constructed a 990 KW hydropower project from Piluwa Khola small hydropower project located in Chainpur municipality ward number 9 of Sankhuwasabha.