Shikhar Power Development Company has launched its initial public offering (IPO) for the general public from Sunday. The company has issued 1,842,600 shares worth Rs 184.26 million for public investors and allocated 44,400 shares for employees. Earlier, shares were distributed to residents of project-affected areas and Nepalis working abroad. Investors can apply for a minimum of 10 shares and a maximum of 10,000 shares. The IPO will close between March 10 and March 15. ICRA Nepal has assigned the company an “ICRANP BB” issuer rating, indicating moderate credit risk. Global IME Capital Limited is managing the issuance.
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