Sahas Urja limited (SUL) is going to issue initial public offering (IPO) shares to the general public from 6th Ashoj 2078. This hydro company will issue seventy lakh unit shares to the general public whereas two lakh ten thousand units shares are already allocated to the employees of the company and three lakh fifty thousand units IPO shares are allocated to the different mutual funds. The general public will be applying for sixty-four lakh and forty thousand units shares. The face value of this IPO is 100 ruppess. The opening date of IPO application is 6th Ashoj 2078 likewise, the closing date of IPO application is 10th Ashoj 2078. Applicant can apply the IPO shares from 10 units to 1050000 units. This company had already issued and allocated shares to the project affected local people.
ICRA Nepal gives ICRA NP BB + rating to the IPO of this hydro company which indicates moderate risk for the company to meet its financial obligations.
How to apply IPO ?
Interested applicant can apply IPO through bank and financial institution who are the member of ASBA. Those applicant who are the user of mero shares application can apply online.
About Company
Sahas Urja Company is a hydropower company established on 2070 BS as the private limited company. At Bhadra 2071 this company was converted as the public limited company.
Sahas Urja Ltd. commits to create superior value for all its shareholders and stakeholders and aimed to be among most admired and trusted company in the country. It has planned to contribute to the national economy through accelerated hydropower development.