Last day to apply for IPO of Singati Hydro

Mar 23, 2021 09:53 AM Merolagani

Today is the last day to apply for initial public offering (IPO) of Singati Hydro Energy.

The company is issuing 2.9 million units of shares at a face value of Rs 100 from March 19.

 Out of the total offered shares, the company has allocated 5 percent i.e. 154,000 units to mutual funds and 2 percent i.e. 58,000 units to employees.

The general public can apply for the remaining 2,697,000 units of shares.

The interested investors can apply for a minimum of 10 and maximum of 200,000 units of shares.

Care Ratings Nepal has assigned BB-rating to the issue indicating moderate risk.

The company has appointed Mega Capital as its issue manager. The investors can apply from all C-ASBA approved BFIs, meroshare webpage and mobile application.

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