A hydropower project named Samling Power Company Limited is ready to offer its IPO to the general public.
The amount of shares totals 12.3 Lakhs units worth 12.3 Crores. The IPOs will be circulated in two phases for locals and national level in a separate timeline.
The Security Board of Nepal has approved the application for IPO issuance on 31st Asad.
The hydropower company has SBI Capitals as its Issue manager and Energy Developers Pvt. Ltd as its mother company.
A 9.5 MW Maibeni Hydropower Project in Illam is the major ongoing project of the company nearing completion. After completing the hydropower project has an agreement with the Nepal Electricity Authority(NEA) for the purchase of electricity produced. The rates are fixed at Rs 4.8 and Rs 8.4 during wet and dry seasons respectively.
|Name of the company||Samling Power Company Limited|
|Total IPOs||7,30,000 units|
|Total IPO price||Rs 7,30,00,000|
|IPO date||4th Kartik 2078 to 8th Kartik 2078|
|IPO price per unit||Rs. 100|
|IPO application quantity||10 Units Minimum|
|Issue Manager||Nepal SBI Merchant Banking Limited|
|Project under consideration||Maibeni Hydropower Project (9.51 MW)|
|Head Company||Energy Developers Pvt. Ltd.|
Samling Power Company IPO is one of the IPOs with a high amount of shares and thus better chances of allotment to the general public.
Also, Read – Upcoming IPOs in Nepal 2078 with details and Proofs