Sikles Hydropower Limited (SLHL) to issue IPO for the general public from 29th Bhadra to 2nd Ashwin.

 

Sikles Hydropower Limited (SLHL) to issue IPO for the general public from 29th Bhadra to 2nd Ashwin. Sikles Hydropower Limited (SLHL) has published an offer letter to give its IPO to the general public.

Sikles Hydropower Limited (SLHL) will issue IPO for the general public from 29th Bhadra to 2ndAshwin. If not oversubscribed the date of applying will extend to the 12thAshwin. Sikles Hydropower Limited (SLHL) will be giving 11,50,000 shares worth Rs.11.50 Crores to the general public which is 36% of the company's issued capital. In this issue, Sikles Hydropower Limited (SLHL) has allocated 34,500 units i.e. 3%%to its employee, likewise, 57,500 units i.e. 5% units to mutual funds and the remaining 10,58,000 units shares i.e. 92% have been allocated for the general public which worth Rs. 10.58 crores.

BOK Capital Marke will be the issue manager of Shrijanshil Laghubitta Bittiya Sanstha Limited (SHLBSL) IPO. CARE Ratings Nepal Limited (CRNL) has given " ‘CARE-NP BB+ (Is) [Double B Plus (Issuer Rating)]" to Sikles Hydropower Limited (SLHL) which means that it has a moderate risk for investing.