Sikles Hydropower Extends Deadline of IPO

Aug 05, 2022 09:28 AM Merolagani

Sikles Hydropower has extended the deadline of its ongoing IPO issued to locals of the affected area.

The company that is issuing 10 percent of issued capital i.e. 612,793 units of ordinary shares to the locals of affected area of Kaski District, Madi Ruralmunicipality ward no 1,2 and 3 from July 22 has extended the deadline till August 21.

The interested investors can apply for the shares from Machhapuchchhre Bank-Madi branch, Pokhara branch of Bank of Kathmandu, Muktinath Bikas Bank and NIC Asia Bank. Moreover, they can apply from all C-ASBA approved BFIs.

The company has appointed BOK Capital as issue manager. They can apply from a minimum of 10 and maximum of 100,000 units of shares.

Care Ratings has assigned BB+ rating to the issue indicating average risk.

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