Today is the last day to apply for Shikhar Power Development IPO

• Nepse Talk
• Mar 10, 2026
• 28 views

Last Day to Apply for Shikhar Power Development IPO

Today marks the final day to apply for the Shikhar Power Development IPO.

The company opened the IPO to the general public from March 1, after completing the share issuance to locals of affected areas and Nepalis working abroad.

Shikhar Power Development is issuing 32.65% of its issued capital, worth Rs 980 million, by offering 3.2 million units of ordinary shares valued at Rs 320 million.

Out of the total approved shares:

• 980,000 units were already issued to locals of affected areas
• 222,000 units were allotted to foreign migrant workers
• 111,000 units were secured by mutual funds
• 44,400 units were allocated to employees

In this second phase, the company is issuing 1,842,600 units of shares to the general public.

Investors can apply for a minimum of 10 shares and a maximum of 10,000 shares.

ICRA Nepal has assigned a BB rating to this IPO, indicating moderate risk.

The company has appointed Global IME Capital as the issue manager. Investors can apply through all C-ASBA approved banks and financial institutions (BFIs) or via Meroshare.

Stay tuned to NepseTalk for the latest news.

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