Kalika Power has appointed Kathmandu Capital Market and Global IME Capital as its issue manager. Earlier, the company issued 600,000 units of IPO worth Rs 60 million to locals of affected area of Gorkha.
Kalika Power is operating 6MW Daraudi A Hydropower Project in Gorkha. The fund accumulated will be utilized on short term and long term credit.
After the IPO issuance, the paid-up capital of the company will reach Rs 780 million. ICRA Nepal has assigned Grade 4 rating to the IPO indicating below average fundamentals.
