7th September 2022, Kathmandu
Sikles Hydropower is set to issue an initial public offering (IPO) to the general public from September 14.
The company is issuing a total of 1,150,000 units of ordinary shares to the general public, out of which, it has secured 3 percent i.e. 34,500 to employees and 5 percent i.e. 57,500 to the mutual fund.
The general public can apply for the remaining 1,058,000 units of shares. The issue will close early on September 18 and lately on September 28.
Investors can apply for a minimum of 10 units and a maximum of 100,000 units of share. Care Ratings has assigned a BB+ rating to the issue indicating average risk.
The company has appointed BOK Capital as the issue manager. To apply for the IPO visit the Mero Share web portal of CDSC: https://meroshare.cdsc.com.np/
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