Samling Power Company Limited is going to issue its 08, 7,30,000.00 units of IPO shares to the general publicC 2021 starting from 4th - 8th Kartik - MeroIPOResult

 Samling Power Company Limited is going to issue its
 7,30,000.00 units of IPO shares to the general public
, starting from 4th - 8th Kartik, 2078

Samling Power Company Limited is opening its IPO issue from 4th Kartik to 8th Kartik, 2078. If not subscribed by the early closing date, the issue will close on Kartik 18.

7,30,000 unit shares will be issued at a par value of Rs. 100 per unit. This is 14.6% of the company's issued capital. 2% of the issue worth 14,600 shares have been allocated for employees of the company and 5% worth 36,500 shares for mutual funds. The remaining 678,900 shares are purely for the individual public.

Nepal SBI Merchant Banking Limited has been appointed the issue manager. Applicants can apply for a minimum of 10 units to a maximum of 20,000 units. ICRA Nepal has given the issuer rating of Double B Minus, denoting a moderate risk of default regarding timely servicing of financial obligations.

Samling Power Company was registered in the Office of the Company Registrar, Government of Nepal as a private company on 2070/12/23 in order to identify the feasibility, construction, and operation of hydropower projects in Nepal. This company has been operating in the name of Samling Power Company Limited by transforming into a public limited company on 2076/2/24 for the purpose of expanding public participation of the residents and general public of the project affected area