There
is good news for Share enthusiasts. Singati Hydro Energy Ltd is going to issue IPO to the public from
Chaitra 06, 2077. The company is going to issue 29 Lakh shares among which 5 %
(1 lakh 54 thousand shares) is separated for collective investment fund
whereas 2% (54 thousand shares) is for the staffs of the company. Last date to
fill the IPO is Chaitra 10 banking hours. One can apply minimum 10 shares to
maximum 2 lakh shares. After the issuance of shares to locals and general
public company capital will be Rs 1.5 arba and public and promoter shares
holding will be 70:30.
Singati Hydro Energy Ltd
is promoted by various institutional and individual promoters from
different backgrounds for setting up of a 25 MW run-of-river, Singati Khola
Hydropower Project (SKHP) in Dolakha district of Nepal.
CARE Ratings Nepal Limited
(CRNL) has assigned the ‘CARE-NP BB rating to the company. Instruments
with this rating are considered to have moderate risk of default regarding
timely servicing of financial obligations, in Nepal.
Applicants who has Meroshare application can apply through Meroshare or it can be applied through
the ASBA member's bank and financial institutions.
IPO Open Date: 2077-12-06
IPO Close Date (Early): 2077-12-10 (Banking
Hours)
IPO Close Date (Lately): 2077-12-20 (Banking
Hours)
Recommended quantity to apply: Since DMAT account holders are
increasing day by day we recommend to apply not more than 10 share as the distribution will be done by lottery system.
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