New Upcoming IPO in Nepal: Sikles Hydropower

The upcoming IPO in Nepal is Sikles Hydropower Limited which confirmed that it will issue shares to the general public (IPO). The company will issue 11,50,000 units share from 29th Bhadra 2079.

The face value of the share will be Rs 100. The application opening and closing dates for this IPO are 2079/05/29 and 2079/06/12 respectively. In case of not fully subscribed closing date will be extended to 2079/06/12. With this, the IPO company intends to collect 11 crores and 50 lakhs from the public.

From 11,50,000 units of share, 34500(3% of total) are for the company’s employees and 57,500(5% of total) are for Mutual Funds. The remaining share units (92% of the total i.e. 10,58,000) are for General Public. After the IPO issuance, the paid-up capital of the company will reach Rs 85,00,00,000.  

This is the 2nd time that Sikles Hydropower Limited is issuing shares. Before that company had issued 8 lakhs 50 thousand units of share with capital 8.5 crores from locals of Kaski district (VDC Ward no. 1,2 and 3) from 2079/04/03 to 2079/03/15.

The issue manager of this IPO is Bank of Kathmandu(BOK). The applicant can apply for a minimum of 10 units and a maximum of 1,00,000 units.

Upcoming IPO in Nepal: Details in short

Face Value of Share: – Rs. 100
Number of Share: – 11,50,000 Units
For Employee: – 34,500
For Mutual Funds: – 57,500
For General Public: – 10,58,000
Opening Date: – 2079-05-29
Closing Date: – 2079-06-12

Upcoming IPO in Nepal

Stay tuned with us for more information. If you have any queries you can comment below.

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