IPO of Samling Power Company issue from today

 Samling Power Company Limited is going to issue IPO to the public from today (November 19). The company is about to issue an IPO worth Rs 73 million. The company will issue 730,000 ordinary shares with a face value of Rs 100 per share.

Out of the total shares, 2 percent has been allotted for employees and 5 percent for collective investment funds. The general public will be able to apply for the remaining 678,900 lots.

The public can apply for the shares by November 25, according to Nepal SBI Merchant Banking Limited, the issue and sale manager. Applications can be submitted for a minimum of 10 lots and a maximum of 20,000 lots.

In the rating given for IPO issuance, ICRA Nepal has given ICRNP IR Double B minus rating.

The general public can apply for shares from all C-ASBA member banks and financial institutions and their branches approved by the Nepal Securities Board. Also, you can apply through my share web and app.