Supermai Hydropower Limited is going to open IPO issue and sale from tomorrow i.e. Magh 23
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The company will allocate 10 percent of its issued capital of 50 Crore rupees to 5 lakh shares worth 5 Crore rupees, 10 percent i.e. 50 thousand shares will be distributed to Nepalis working abroad, 25 thousand shares will be distributed to collective investment funds and 2 percent i.e. 10 thousand shares will be reserved for the employees of the company. The remaining 4 lakh 15 thousand shares of ordinary shares are going to be issued to the general public.
Applications for the IPO of the company can be made till Magh 26. If the complete application is not received by that period, the issuance period will be extended until Falgun 8 In the company’s IPO, you can apply for a minimum of 10 shares to a maximum of 20,000 shares.
Sanima Capital Limited is the company’s share issue and sales manager. Investors can apply through the C-ASBA system from all ASBA member banks and financial institutions and their designated branch offices that have received approval from the Securities Board of Nepal.
In the rating given for the IPO issue, Icra Nepal has given the company Icra NP Issuer Rating Triple B minus rating. This indicates that there is moderate risk in the company’s ability to meet its financial obligations.