Two company’s upcoming IPO get Grade 4 rating
June 7, 2019 | Investopaper
Care Ratings Nepal has provided ‘CARE-NP IPO Grade 4’ rating to the upcoming IPOs of two companies. The two companies include Singati Hydro Energy Limited and United Idi Mardi & RB Hydropower Limited. Singati Hydro Energy Limited is planning to issue Rs. 43.50 crores worth of IPO while United Idi Mardi & RB Hydropower Ltd. is going to issue Rs. 10.50 crores worth of IPO.
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Both the companies can issue the IPO after the approval from the Securities Board of Nepal (SEBON).
| S.N. | Company Name | Instrument | Amount (Rs. ‘In crores’) | Ratings Assigned |
| 1 | Singati Hydro Energy Limited | IPO | 43.50 | CARE-NP IPO Grade 4 |
| 2 | United Idi Mardi & RB Hydropower Limited | IPO | 10.50 | CARE-NP IPO Grade 4 |
