Good news: IPO opened for many, invest 1000 and become rich

Kathmandu. Samling Power Company Limited has opened the sale of primary shares (IPO) to the general public from Thursday, 4th November (today). The company has issued an IPO of 730,000 shares worth 733 million rupees at a face value of 100 per share.

Out of the total issued shares, 5 percent i.e. 36 thousand 500 shares have been allocated for collective investment fund and 2 percent i.e. 14 thousand 600 shares have been allocated for employees. General public can apply for the remaining 678 thousand 900 shares.

In the IPO, general investors can apply for shares from October 4 to Monday, the 8th. When applying, you can apply for a minimum of 10 shares to a maximum of 20,000 shares. However, since only 67 thousand 890 people will get the shares of the company, the application of ten shares will be sufficient for this issue.

The general public can apply through My Share’s mobile app, website and all C-ASWA member banks and financial institutions and their branch offices that have received approval from the Nepal Securities Board.

Nepal SBI Merchant Banking Limited is the sales manager for the issue of shares. The company has already issued and distributed shares to the residents of Elam Municipal Ward No. 8 and 10 and Myjogmai Village Ward No. 4 and 5, as well as the local residents of the project-affected Elam district.

In the rating given for the IPO issue, Ikra Nepal has given the company ‘Ikra NP IR Double B Minus Rating’. This indicates that there is a medium risk in terms of the company being able to meet its financial obligations.

The company’s securities issue and sales manager is Nepal SBI Merchant Banking Limited. The company has completed the entire construction work of the 9.51 megawatt hydropower project from Mybeni Hydropower Project located in Ilam district and has started commercial production from 1st Ashwin 2078.

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