Sahas Urja Limited is going to open the IPO issue and sale from 27 Bhadra / July 12. The company is going to issue IPO for the residents of the project affected areas.
The company is going to issue 35,00,000 (35 lakhs) ordinary shares at the face value of Rs 100 per share.
The company’s IPO project is about to be evicted for the residents of the affected area of Solukhumbu district.
The IPO issuance will be closed soon on 11 Bhadra and the extended date for the unsubscribed case is 27 Bhadra lately.
The issue and sale manager of the company is NIBL Ace Capital Limited.
Apply for Sahas Urja IPO (Locals)
Applications for the IPO can be submitted from Global IME Bank, Salleri Solukhumbu, Nepal Investment Bank, Lukla, Laxmi Bank, Mugli and Nele Branch Solukhumbu, Machhapuchhre Bank, Salleri, Solukhumbu and Prime Commercial Bank, Ramite Branch, Solukhumbu.
The company is going to issue 3.5 million ordinary shares at the face value of Rs 100 per share. The company’s IPO project is about to be evicted for the residents of the affected area of Solukhumbu district.
IPO rating of Sahas Urja Company
ICRA Nepal has given ICRA NP IR BB+ rating to the company in the rating given for the IPO issue. This indicates a moderate risk in the company’s ability to bear responsibility.
Minimum Units (Kitta) to apply on Sahas Urja Limited
Investors will be able to apply for a minimum of 10 units lots to purchase the shares. If the application is not received within that period, the eviction period will be extended.
Sahas Urja Limited IPO Apply (General Public)
After the result of that IPO of the First phase is published, then the general public will be issued. The IPO for the general public will be available on the Mero share platform.
It can be found inside Apply for Issue of My ASBA once after the result of IPO for locals and employees is published.
All Details of Sahas Urja Company IPO
- IPO Name: Sahas Urja Limited
- Company Sector: Hydropower
- Issue Manager: NIBL Ace Capital Ltd
- Open IPO Date: 29 Shrawan 2078
- Close IPO Date: 11 Bhadra 2078
- Late Close IPO Date: 27 Bhadra 2078
- No of Units: 35 Lakhs
- Suitable to Apply: 10 Units
- Price per Unit: Rs 100
- Suitable to Apply (Kitta): 10 Units
- Maximum units (Kitta): 1000 units
This IPO will be in sale in two phases.
1st Phase for Locals and employees
The first phase is for the local peoples of the project situated in district Solukhumbhu and the companies employees.
Those people living temporarily in other places but have certificates of origin (citizenship) from the Solukhumbu district can apply for IPO from 29 Shrawan 2078.
2nd Phase for the general public
The second phase is for the general public. The ordinary shares with a face value of Rs 100 per share for the residents of the Solukhumbu district. It is for the residents of the project affected areas.