Saahas Urja Started Issuing IPO from Today

Sep 22, 2021 09:39 AM Merolagani

Saahas Urja has started issuing initial public offering (IPO) from September 22.

The company is issuing 7 million unit of shares worth Rs 700 million at a face value of Rs 100 per unit.

Out of the total offered shares, the company has allocated 3 percent to employees and 5 percent to mutual funds. The general public can apply for the remaining 6,440,000 of shares.

The issue will close early on September 26 and lately on October 6. The interested investors can apply for a minimum of 10 and maximum of 1,050,000 units of shares.

ICRA Nepal has assigned BB+ rating to the issue indicating moderate risk.

The company has appointed NIBL Ace Capital as its issue manager. The investors can apply from all C-ASBA approved BFIs and meroshare software.

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NEPSE Adjusts Stock  Price of Kumari Bank and Gurans Laghubitta

Oct 25, 2021 09:33 AM

Nepal Stock Exchange (NEPSE) has adjusted the stock price of Kumari Bank (KBL) and Gurans Laghubitta Bittiya Sanstha (GLBSL) following their book close for upcoming AGM.