Singati Hydro Energy Limited IPO

singati hydro energy ipo

Singati Hydro Energy Limited is issuing an IPO from today for general public.

The company is issuing 29,00,000 units of shares to general public out of total 14,500,000 registered shares by the company. The company IPO will raise a total of NRs 2,90,000,000 in paid up capital.

The company has already alloted 2% of the issue i.e. 58,000 units of shares for the employees and another 5% i.e. 1,45,000 units of shares to mutual funds. Also the locals were offered 1,450,000 units of shares from the total 4,350,000 units of IPO shares earlier.

Public investors are open to apply for a minimum of 10 units to a maximum of 2,00,000 units of shares for the remaining 2,697,000 units of shares.

The IPO for general public will remain open from 6th Chaitra to 10th Chaitra 2077 B.S.

After the issuance of the shares to general public and locals the company capital will be NRs 1.5 Arba with the public to promoter shares holding will be 70:30.

Mega Capital Markets Limited is the IPO Issuance manager for this IPO.

CARE Ratings Nepal Limited (CRNL) has assigned CARE-NP BB (Is) rating to Singati Hydro Energy Limited. This is considered to offer a moderate degree of safety carrying moderate credit risk.

While talking about Singati Hydro Energy Limited, the company was established as a private limited company on 19th May 2010 AD. Which later converted to a public limited company IN 20TH jUNE 2018 AD. This hydro project lies in Dolakha district of Nepal which is one of the top hydropower projects in Nepal.

You can apply for the IPO shares of Singati Hydro Energy Limited via meroshare online. Also, if you don’t have a meroshare account, you can apply for the IPO via nearest eligible Financial institution.

Singati Hydro Energy Limited IPO Details

Issuing Company Singati Hydro Energy Limited
Issue Manager Mega Capitals Markets Limited
Security Type Common Stock IPO
SEBON Approval Date 21th Poush 2077 B.S.
IPO Open Date 6th Chaitra 2077 B.S.
IPO Close Date (Early) 10th Chaitra 2077 B.S.
IPO Close Date (Lately) 20th Chaitra 2077 B.S.
Total Share Registered Amount NRs. 1,450,000,000
Per Unit Share Price NRs 100
Total IPO Share 4,350,000
Total Share Registered 14,500,000
Total Capital from IPO NRs. 435,000,000
% of Issued Capital 70%

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