Singti Hydro Energy Limited IPO Date from Chaitra 6:
Singati Hydro Energy is going to issue IPO (Initial Public Offering) to the public from 2077 Chaitra 6, Friday (19th April 2021). The company is going to issue 2.9 million ordinary shares with a face value of Rs 100 per share.
Out of the total shares to be issued, 5 percent or 154,000 shares have been distributed for collective investment funds and 2 percent or 58,000 shares have been distributed to employees. General investors will be able to apply for the remaining 26 lakh 97 thousand shares.
You have to apply for the purchase of the shares by 10th Chairta 2077, Tuesday (23rd March 2021). If the application is not received within that period, the deadline will be extended till 20th Chaitra 2077, Friday (2nd April 2021). Investors will be able to apply for a minimum of 10 lots and a maximum of 200,000 lots in the IPO.
Care Rating Nepal has given Care NP Double B Minus (IS) rating to the company in the rating given for the IPO issue. This indicates that they are at medium risk to meet their financial obligations.
The issue and sale manager of the company is Mega Capital Markets Limited. You can apply for the company's IPO from all C-ASBA member banks and financial institutions approved by the Nepal Securities Board, and their designated branch offices. In addition, applications can be submitted from the MeroShare web and app.
Currently, the company's paid-up capital is Rs 1.15 billion. The company's paid-up capital will reach Rs 1.45 billion after the IPO is sold to locals and the general public.
Important Date for Singati Hydro Energy IPO:
- IPO Starts: Chaitra 6, Friday (19th April 2021)
- IPO Close (Early): 10th Chairta 2077, Tuesday (23rd March 2021)
- IPO Close (Lately): 20th Chaitra 2077, Friday (2nd April 2021)
