IPO of Shiva Shree Hydropower Starts

Oct 03, 2019 09:47 AM Merolagani

Shiva Shree Hydropower (SSHL) has started issuing initial public offering from October 3. The company is issuing 3,351,140 units of primary shares including 1,136,540 unit unsubscribed shares by local of affected areas to the general public.

The company has appointed Siddhartha Capital as its issue manager. The interested investors can apply for a minimum of 10 to a maximum of 1 million units of shares.

The investors can apply for the shares from all C-ASBA approved BFIs and meroshare. The issue will close early on October 11 and lately on November 1.

ICRA Nepal has assigned Grade 4 rating to the IPO issuance indicating below average fundamentals.

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