Shiva Shree Hydropower to issue IPO shares from 27 Poush 2075. The issue will be open till 11 Magh 2075.
The company will be issuing 14,76,400 units of shares as initial public offering (IPO) for the locals of Sindhupalchowk district. After the issuance to locals, the company will issue 22,14,600 units for General public.
This IPO is open only for resident of Bhotekoshi rural municipality, Bahrabise rural municipality, Tripura Rural municipality and Sunkoshi Rural municipality of Sindhupalchok.
Interested locals can apply for minimum 50 units & maximum 7,380 units.
Siddhartha Capital Limited has been appointed as issue manager.
Locals can apply from Sindhu Bikas bank, Barhabise & khandi chaour branch, Nepal banglaesh Bank Bahrabise branch, Civil Bank, Bahrabise, NIC Aisa bank, Bahrabise, Himalayan bank,, bahrabise branch and Shiva Shree Hydrpower, Sindhupalchok.
Currently, its paid up capital is Rs.1.107 arba. After IPO issuance for locals & public paid up capital will reach to Rs.1.48 arba.
ICRA Nepal has assigned grade 4 for the IPO.
It is developing Upper Chaku Hydroelectic Project having capacity of 22.2MW located at Sindhupalchok.
