Shuvam Power limited to issue IPO from 20 Jestha 2075 for locals

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initial public offering

Shuvam Power limited to issue Initial public offering (IPO) of 2 lakh units from 20 Jestha 2075. IPO is for the local of Sankhuwasabha district. IPO remains open till Ashadh 03, 2075.

Interested applicants can apply for minimum 50 units & maximum 1,800 at the face value of Rs.100.

The issue manager is CBIL capital limited.

The interested applicants can apply from all the ASBA & C-ASBA approved banks & financial institutions.

IPO is 10% of paid up capital. The company will issue 20% of capital as IPO to general public in near future.

The company is operating 990KW PipuwaKhola Hydropower Project since Shrawan 1, 2068.