Kathmandu. Shikhar Power Development Limited (HPD) is going to issue its IPO to the general public from March 30. The company is going to bring the IPO to the general public in the second phase after selling the IPO to the project-affected locals and the Nepalis working abroad in the first phase.
The company will issue 1,11,000 units of shares to its employees and 1,842,600 units of shares at face value of Rs 100 each.
Applications can be place for minimum 10 units and maximum 10,000 units. The interested bidders can apply from the banks and financial institutions participating in the C-ASBA service and their designated branches as well as from CDSC’s Mero shares.
The IPO will be issued on March 5 at the earliest and on March 14 after the banking hours. Global IME Capital has been appointed as the issue manager for the IPO issuance.
