Sikles Hydropower IPO Opening July 2022 Local

SEBON has finally approved Sikles Hydropower IPO Opening on 23th Ashad 2079,

Sikles Hydropower Limited (SLHL) is ready to issue 8,50,000 units at a face value of Rs 100 each. That will make the Issue amount of Rs 85 crores.

Currently, the hydropower company is setting up a 13MW run-of-the-river Madkyu Khola Hydroelectric Project in the Kaski District of Nepal. 

Sikles Hydropower IPO Opening Details

Sikles Hydropower Limited (SLHL) has published a letter to issue IPO for the affected locals in the Kaski districts (Madi VDC Ward no. 1, 2, and 3).

The Initial Public Offer of the firm for the locals will be open from 6th Shrawan (22 July 2022) and will be closed on 20th Shrawan 2079 (5th August 2022). Also, if they fail to subscribe allocated 8,50,000 Unit Shares by the early closing date, the issue will be extended by 5th Bhadra (21 August 2022).

Sikles Hydropower Limited IPO Opening For Locals

  • Issued Unit: 8,50,000 Unit Shares
  • Price per Unite: Rs 100
  • Issue Manager: BOK Capital Market Limited
  • IPO Opening Date: 6th Shrawan / 22 July 2022
  • Closing Date: 20th Shrawan 2079 / 5th August 2022
  • Extended (If not subscribed): 5th Bhadra / 21 August 2022

Sikles Hydropower Limited Rating

CARE Ratings Nepal Limited has assigned this Issuer a rating of ‘CARE-NP BB+ to Sikles Hydropower Limited. Issuers with this rating are considered to have a moderate degree of safety regarding timely servicing of financial obligations, in Nepal

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