Sahas Urja Limited has opened the IPO for locals of Solukhumbu District last month and now it is opening an IPO for the general public from 06 Ashoj to 10 Ashoj 2078. The issue and sale manager of the company is NIBL Ace Capital Limited.
Sahas Urja Company Limited IPO For General Public (Second Phase)
Sahas Urja Limited is going to open the IPO issue and sale from 06 Ashoj. The company is going to issue IPO for all public people of Nepal.
The second phase is for the general public. The ordinary shares with a face value of Rs 100 per share.
- IPO Name: Sahas Urja Limited
- Company Sector: Hydropower
- Issue Manager: NIBL Ace Capital Ltd
- Open IPO Date: 06 Ashoj 2078
- Close IPO Date: 10 Ashoj 2078
- No of Units: 70 Lakhs
- Suitable to Apply: 20 Units
- Price per Unit: Rs 100
- Suitable to Apply (Kitta): 10 Units
- Maximum units (Kitta): 1000 units
Sahas Urja IPO For Locals (First Phase)
The company is going to issue 35,00,000 (35 lakhs) ordinary shares at the face value of Rs 100 per share.
Sahas Urja Limited is going to open the IPO issue and sale from 27 Bhadra / July 12. The company is going to issue IPO for the residents of the project affected areas.
Applications for the IPO can be submitted from Global IME Bank, Salleri Solukhumbu, Nepal Investment Bank, Lukla, Laxmi Bank, Mugli and Nele Branch Solukhumbu, Machhapuchhre Bank, Salleri, Solukhumbu and Prime Commercial Bank, Ramite Branch, Solukhumbu.
The company is going to issue 3.5 million ordinary shares at the face value of Rs 100 per share.
The company’s IPO project is about to be evicted for the residents of the affected area of Solukhumbu district.
IPO rating of Sahas Urja Company
ICRA Nepal has given ICRA NP IR BB+ rating to the company in the rating given for the IPO issue. This indicates a moderate risk in the company’s ability to bear responsibility.
Minimum Units (Kitta) to apply on Sahas Urja Limited
Investors will be able to apply for a minimum of 10 units lots to purchase the shares. If the application is not received within that period, the eviction period will be extended.
Sahas Urja Limited IPO Apply (General Public)
After the result of that IPO of the First phase is published, then the general public will be issued. The IPO for the general public will be available on the Mero share platform.
It can be found inside Apply for Issue of My ASBA once after the result of IPO for locals and employees is published.
First Phase for Locals and employees
The first phase is for the local peoples of the project situated in district Solukhumbhu and the companies employees.
Those people living temporarily in other places but have certificates of origin (citizenship) from the Solukhumbu district can apply for IPO from 29 Shrawan 2078.