Shikhar Power Development IPO Receives Over 2.48 Crore Applications by Third Day
Mon, Mar 9, 2026 2:40 PM on Latest,
Shikhar Power Development Limited has opened the public issue of 1,842,600 units of shares at a face value of Rs. 100 per share to the general public starting Falgun 17, 2082.
Out of the total 32,00,000 unit shares issued, 9,80,000 units were allocated to project-affected locals of Baglung district, 222,000 units to Nepali citizens working abroad, 111,000 units to mutual funds, and 44,400 units to company employees. The remaining shares were opened for the general public.
As of 10:00 AM on Falgun 25, according to CDS and Clearing Limited, a total of 2,277,993 applicants have applied for 24,815,450 units of shares.
Due to the House of Representatives election, public holidays on Falgun 20, 21, and 22, along with Saturday and International Women’s Day, the IPO application deadline has been extended until banking hours on Falgun 26 (Tuesday).
