Sikles Hydropower to Issue 1:1 Right Share
August 12, 2025 | Investopaper
Sikles Hydropower Limited (SIKLES) is planning to sell right shares to the shareholders.
The company has decided to issue right shares in the ratio 1:1. This means that shareholders’ with 100 shares can apply for the additional 100 right shares.
As of Ashad’s end 2082 BS, Sikles Hydropower Limited has a paid-up capital of Rs. 85 crores. After the adjustment of the proposed 15 percent bonus share, the capital will increase to Rs. 97.75 crores. Hence, SIKLES has plans to float 97,75,000 shares in the right offering. At a par value of Rs 100, the right issue amounts to Rs 97.75 crores.
After the pre-approval from ERC, the company needs endorsement from the general meeting (AGM/SGM). Then the company has to appoint the issue and sales manager for the right offering. After that, it should submit the application to the Securities Board Of Nepal (SEBON) seeking permission to float the shares. Only after the approval from the regulatory body SEBON, the company can sell shares to the public.
After the right issue, the paid-up capital will reach Rs. 195.5 crores.
The company is currently operating a 13 MW project in Madi rural municipality of Kaski district.
Recommended:
