Singati Hydro Energy Limited Urges Investors to Dematerialize Physical Share Certificates

Singati Hydro Energy Limited has urged its promoter and ordinary shareholders to dematerialize their shares.

1,45,00,000 shares of the company are already listed in NEPSE and trading in the secondary market. The IPO allotment of Singati Hydro Energy Limited concluded on 2077/12/27. The company had opened its IPO to the general public from 6th Chaitra. The issue closed on 10th Chaitra, 2077, at the end of banking hours. The company has a total of 1.45 crore registered shares of which 29 lakh shares were issued in this IPO. Thus, the IPO raised a total of Rs. 29 crores in paid-up capital.

Dematerialization is an essential process to store the shares virtually and trade the shares in the secondary market. The company has urged its investors to dematerialize their shares by presenting the physical share certificate at the company's central office in Durbarmarg, Kathmandu, or the office of the share registrar Mega Capital.

Investors who haven't claim their share certificates are also urged to do the needful. The application format to report the Demat number can be obtained via the hydropower company's official website or the website of the share registrar.

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