KATHMANDU: Singati Hydro Energy Limited is making preparations to issue initial public offerings (IPO) from January 17.
The company will issue 1,450,000 units of shares for Rs 100 per unit for the local people hit by the project. The locals from the hardest-hit Bikhu and Kalinchowk rural municipality of Dolakha can apply for the IPO.
The application deadline is January 31. The applicants can apply for at least 10 to maximum 200,000 units of shares, according to the company. Mega Capital is the issue manager.
Care Rating Nepal has rated it as Care NP BB Minus indicating that it has minor risk.
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