Sikles Hydropower to Issue 8,50,000 Unit Shares to the Locals
Sikles Hydropower Limited (SLHL) is going to issue 8,50,000 unit shares at a par value of Rs. 100 per share to the project affected locals of the Kaski districts (Madi VDC Ward no. 1, 2 and 3). BOK Capital Market has been appointed as the issue manager. The Sikles Hydropower Limited IPO issue for the locals will open on Shrawan 06, and close on Shrawan 20, 2079. If not subscribed by the early closing date, The Sikles Hydropower Limited IPO will close on 5th Bhadra.
Sikles Hydropower Limited (SLHL) was established on July 28, 2004, as a private limited company and later converted to a public limited company on May 17, 2019. The company is running a 13MW run-of-the-river Madkyu Khola Hydroelectric Project (MKHP) in the Kaski District of Nepal.
CARE Ratings Nepal Limited (CRNL) has assigned Issuer rating of ‘CARE-NP BB+ (Is) [Double B Plus (Issuer Rating)]’ to Sikles Hydropower Limited (SLHL).
