Saidi Power Company to Float IPO | Appoints Kumari Capital as Issue Manager
July 5, 2024 | Investopaper
Saidi Power Company Limited is in the process of issuing shares to the public (IPO). For this purpose, the company has appointed Kumari Capital Limited as the issue and sales manager.
The agreement was signed by Mr. Pushpa Sharma, Chief Executive Officer of Kumari Capital and Mr. Kushal Thapa, Chief Executive Officer of Saidi Power Company Limited.
Now, the company needs to submit the application to the Securities Board Of Nepal (SEBON). If approved by SEBON, the company can issue the shares to the public.
The company plans to sell 1,70,049 unit shares at the par value of Rs. 100 in the public offering. Hence, the public issue amounts to Rs. 1.70 crores.
About Saidi Power Company Limited
Saidi Power Company is currently operating a 999 KW micro-hydropower project in Kaski District.
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