Kalika Power company limited to issue IPO of 12 lakh units to general public. Security board of Nepal (SEBON) has granted permission to issue initial public offering (IPO).
The hydropower company will issue 12 lakh units of shares at the rate of Rs.100.
Kathmandu Capital & Global IME capital has been appointed as issue manager for IPO.
It had floated 6 lakh units to locals of projected affected in Magh 2074.
It has constructed 6 MW Daraudi A project in Gorkha districts. The amount collected from the IPO will be paid for creditor, vendors, floated loans.
Paid up capital will be reach to Rs.78 crore after IPO issuance.
ICRA Nepal has assigned grade 4 rating for the IPO.
