First Business News Portal in English from Nepal
KATHMANDU: Sikles Hydropower Limited (SLHL) will be issuing 11,50,000 unit shares of Rs 100 face value from today i.e. 29th Bhadra, 2079. The early closing date of this issue is on 2nd Ashwin and if the issue is not fully subscribed then it can be extended up to Ashwin 12, 2079.
Out of the total 11,50,000 units; 3% of the total offered shares i.e. 34,500 units have been set aside for the employees of the company and 5% of the total offered shares i.e. 57,500 units have been set aside for the mutual funds. The remaining 10,58,000 units are for the general public. The company intends to collect Rs 11.50 crore from this IPO. The paid up capital of the company will reach to Rs. 85 Crores after the IPO issuance.
Earlier, the company had issued 8,50,000 unit IPO shares which is 10% of the issued capital of Rs. 8.5 crore to the project-affected locals of Kaski districts (Madi VDC Ward no. 1, 2, and 3) from Shrawan 3 to Bhadra 15, 2079.
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