Last day to apply for IPO of Shiva Shree Hydropower

Nov 01, 2019 09:34 AM Merolagani

Today is the final day to apply for initial public offering (IPO) of Shiva Shree Hydropower (SSHL). 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 from October 3.

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.

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

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