Kathmandu. Today is the last day to apply for the initial public offering (IPO) of Super Khudi Hydropower Limited. The company was allowed to issue 20% of the issued capital of Rs 1.55 billion i.e. 3.1 million units of shares.
Out of the offered shares, 10% of the total offered shares to the general public at a face value of Rs 100 per share will be issued to the Nepalese working abroad after obtaining labour permit from the concerned body of the government.
Applications can be place for minimum 10 units and maximum 1,000,000 units. Global IME Capital Limited has been appointed as the issue manager for the IPO issuance.
Care Ratings Nepal has assigned CareNP Double B Issuer rating to the company. This indicates that there is a moderate risk to the company’s ability to meet its obligations.
Nepalese who are on foreign employment can apply for the ASBA system from the banks and financial institutions participating in the ASBA service after obtaining permission from the Securities Board of Nepal.
