Samling Power is issuing an IPO

KATHMANDU: OCT. 8 – Samling Power Company Limited is going to issue ordinary shares (IPO) to the public. The company has stated that it is going to issue IPO from Oct. 20. The company has stated that it is going to distribute 730,000 shares equal to 73 million to the public.

Out of the total lots to be issued, 2 percent or 14,600 lots will be allocated for company employees and 5 percent or 36,500 lots for collective investment funds and the remaining 676,900 lots will be allocated for the general public.

Applications for the shares can be submitted till Oct. 24. A minimum of 10 lots and a maximum of 20,000 lots can be demanded for the purchase of shares. The sales manager of the IPO is Nepal SBI Merchant Banking Limited.

The company had distributed ordinary shares to the locals of the project-affected areas from Sept. 3 to 17.