Deadline for 11,20,000 Units of IPO Shares to Be Sold to Residents of Illam District Re-Extended by Sagarmatha Jalbidhyut Company.
Up till the 5th day of Falgun 2079, Sagarmatha Jalbidhyut Company Limited has again extended the time for project-affected communities to issue IPOs. The issue had started on Magh 5th, 2079.
10% of the company’s issued capital, or 11,20,000 unit shares worth Rs. 11.20 crores, have set aside for Illam District residents who would impacte by the project.
A later date will see the issuance of 43,68,000 unit shares, representing 39% of the company’s outstanding capital. 10% of the shares, or 436,800 units, were reserved for Nepalese nationals working abroad in this public offering, which concluded on the 19th Magh.
The lowest application quantity for the project’s localities is 10 units, while the maximum application quantity is 10,000 units.
Re-Extended by Sagarmatha Jalbidhyut Company
The issue manager is Prabhu Capital Ltd of this issue. Sagarmatha Jalabidhyut Company Limited has give an issuer rating by ICRA Nepal of [ICRANP-IR] BBB- (pronounced ICRA NP issuer rating triple B minus). Issuers with this grade are thought to have a reasonable level of safety when it comes to prompt payment of debts.
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