Where Is the Collection Center in Kathmandu for Singati Hydro Energy Limited's IPO?

Singati Hydro Energy Limited is currently issuing 14,50,000 units as IPO to the project-affected area of Dolakha district. Each share is issued at the par value of Rs. 100 per share to raise a capital worth Rs. 14.50 crores.

The IPO for 14.50 lakhs units of shares has been open from Magh-04, 2077. The earliest closing date is Magh-18, 2077. If the issue is not subscribed till the earliest closing date then the issue will be extended till Falgun-03, 2077.

Mega Capital Markets Limited has been appointed as the issue manager. Since a few locals of the project-affected area are temporarily residing in Kathmandu, the issue manager has opened an additional collection center at its office in Tripureshwor. Locals can apply for a minimum of 10 units and a maximum of 2 lakh units.

CARE Rating Nepal has given CARENP BB-(Is) rating to the company for the public issue. This indicates that the company is moderately safe to meet financial obligations on time. Locals can also apply from the branches of banks and financial institutions that function as ASBA members.

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