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.

Related: How to apply IPO/FPO/Right Share through Mero Share?

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

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