Upcoming IPO: Singati Hydro Energy Limited To Issue 29 Lakh Shares To Public From Chaitra 6
The good news for the investors, Singati Hydro Energy Limited is going to issue 29 lakh shares to the general public from Chaitra 6. The closing date for the IPO is 20th Chaitra, 2077. Mega Capital Markets Limited is the issue manager for the IPO issuance.
CARE Ratings Nepal Limited (CRNL) has assigned ‘CARE-NP BB- (Is)’ rating.
Upcoming IPO: Singati Hydro Energy Limited To Issue 29 Lakh Shares To Public From Chaitra 6
Singati Hydro Energy Limited has a total of 1.45 crore registered shares. 29 lakh shares will up for the grab in the upcoming IPO. IPO will raise a total of Rs. 29 crores in paid-up capital. Investors can apply for a minimum of 10 units and a maximum of 2,00,000 units but due to a large number of applicants, 10 units can be the best option.
After the issuance of the IPO, the company capital will be Rs 1.5 Arba, and the public and promoter shares ratio will be 70:30.
