Singati Hydro Energy appoints Mega Capital Markets as issue manager for its upcoming IPO issue for local and general public

Thu, Jul 11, 2019 10:46 AM on Corporate, IPO/FPO News, Latest,

Singati Hydro Energy Limited has appointed Mega Capital Markets Limited as an issue manager for its  upcoming Initial Public Offering for locals and general public.

Chief Executive Officer of Mega Capital Mr. Suday Kant Jha and Executive Director of Singati Hydro Energy Limited, Mr. Ganesh Karki has signed the agreement.

CRNL has assigned grading of ‘CARE-NP IPO Grade 4’ to the proposed Initial Public Offer (IPO) of Singati Hydro Energy Limited (SHEL). ‘CARE-NP IPO Grade 4’ indicates Below Average Fundamentals. SHEL proposes to issue 4.35 Mn shares of face value of Rs.100 each at par aggregating Rs. 435 Mn.