Kathmandu. Shikhar Power Development Limited (CPDCL) has opened its initial public offering (IPO) to the general public from today. The company is issuing a total of 18,42,600 units of ordinary shares to the general public.
Out of the total offered shares, 1,11,000 units have been set aside for mutual funds and 44,400 units have been set aside for the employees of the company. The general public can apply for the remaining shares. Applications can be place for minimum 10 units and maximum 1000 units. Interested bidders can collect applications from ASBA member banks and financial institutions approved by the Securities Board of Nepal (SEBON) and their designated branch offices. You can also apply online through the ‘My Share’ system.
According to the company, the shares will remain open till March 12 at the earliest and till March 12. Global IME Capital Limited has been appointed as the issue manager for the IPO issuance. The company had received permission from the Securities Board of Nepal (SEBON) to issue 3.2 million units of ordinary shares at a face value of Rs 320 million.
Leave your comment