Kathmandu. Today is the last day to apply for the initial public offering (IPO) of Shikhar Power Development Limited.
The company has issued the IPO to the general public after allocating the IPO for the local residents of the project-affected areas and the Nepalese employed abroad. The company was allowed to issue 32.65 percent of the issued capital i.e. 32 lakh units of ordinary shares worth Rs 320 million. Out of the offered shares, 9,80,000 units have been set aside for the locals of the project affected areas and 2,22,000 units have been set aside for the Nepalis who have taken labour permit.
Similarly, 1,11,000 units of shares have already been allotted to the mutual funds. In the second phase, the company has set aside 44,400 units of shares for its employees and the remaining 18,42,600 units are for the general public.
The total value of these shares is Rs 18,42,60,000 with a face value of Rs 100 per share. Applications can be place for minimum 10 units and maximum 10,000 units.
Global IME Capital Limited has been appointed as the issue manager for the IPO issuance. The interested bidders can collect the application forms from Securities Board of Nepal (SEBON) through ASBA member banks and their designated branches.
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