IPO to Locals of Samling Power Company Postponed Until Further Notice

Samling Power Company Limited has postponed its 5,00,000 unit IPO issue to project-affected locals of Ilam District. The issue was supposed to open on Shrawan 22, 2078, but complications brought by the pandemic and restrictions have led to the postponement of the issue until further notice.

Nepal SBI Merchant Banking Limited has been appointed as the issue manager for the IPO issuance. The company has proposed to issue a total of 12.3 lakh unit shares to the locals and the general public via IPO in multiple phases. The first phase of the IPO will issue shares to the locals of the area. After the issuance of shares to locals and general public company capital will be Rs 50 crore and public and promoter shares holding will be 75.5:24.5.

ICRA Nepal has assigned an issuer rating of [ICRANP-IR] BB- (pronounced ICRA NP Issuer rating double B minus) to Samling Power Company Limited (SPCL or the company).

Postponement notice