Last Day to Apply for the Locals IPO Issue of Singati Hydropower

Today is the last day for locals to apply for the IPO of Singati Hydro Energy Limited. The company has been issuing its 14,50,000 unit IPO shares to the project-affected locals of Dolkha District from Magh 4, 2077.

The IPO issue for locals was open from Magh 4 and was supposed to close on Magh 18. Since the IPO issue was still undersubscribed, the deadline was extended to today, i.e. Falgun 3, 2077. The interested locals can place their applications for a minimum of 10 units and a maximum of 2,00,000 units.

Mega Capital Markets Limited has been appointed as the issue manager for the IPO issuance. The company has issued 43,50,000 units of IPO shares, out of which 14,50,000 units of shares have been offered to locals of project affect areas in the first phase and the remaining shares will be offered to the general public later in the second phase.

After the issuance of shares to locals and general public company capital will be Rs 1.5 Arba and public and promoter shares holding will be 70:30. The issue for locals will close today at the end of banking hours.