Kathmandu. The deadline for the locals of the project-affected areas to fill the IPO of Shikhar Power Development has been extended.
The IPO issuance of Shikhar Power for the project-affected locals was scheduled to be closed on February 20. However, as the applications have not been received as per the demand, the locals will now be able to apply till the banking deadline on February 8. Global IME Capital, the issue manager, said that the IPO issuance will be closed at any time if sufficient applications are received before the deadline.
In the first phase, the company has started issuing IPO for the locals of project-affected areas and Nepalis working abroad since January 6. The IPO was closed for the Nepali migrant workers from January 9.
Out of the total shares, the company has issued 9,80,000 units of shares to the residents of ward no 1 to 10 of Badigad Rural Municipality in Baglung district and residents of ward no 2, 3, 4 and 5 of Dhorpatan Municipality in Baglung district. Applications can be place for minimum 10 units and maximum 10,000 units.
Affected locals can collect the application forms from Global IME Bank’s branch at Naxal, Burtibang and Baglung Bazaar, Prabhu Bank’s branch at Gwalichaur and Garima Bikas Bank’s branch at Burtibang and Shine Resunga Development Bank’s branch at Burtibang.
