Shuvam Power Limited IPO – The hydropower Company Shuvam Power Limited has opened IPO for the general public.
Shuvam Power Limited IPO
| IPO Published Date: | 18 Magh 2079 |
| IPO Price: | Rs 100 |
| Minimum Share Quantity: | 10 Kitta |
| Last Date to Apply IPO: | 22 Magh 2079 |
| Stock Symbol: | SHUVAM |
Shuvam Power Limited IPO Deadline Countdown
The company has already started commercial electricity production from 1 Shrawan 2068. It has already opened ipo for local people and nepali working abroad.
Shuvam Power Limited is a public limited company, incorporated on December 29, 2015. SPL is involved in the operation of the 0.99MW run-of-the-river Lower Piluwa Khola Small Hydroelectric Project (LPKHP) at Sankhuwasabha District which has been in commercial operation since July 17, 2011. The company obtained the Generation License, from the Government of Nepal – Ministry of Energy on April 15, 2008.
CARE Ratings Nepal Limited (CRNL) has assigned the issuer rating assigned of ‘CARE-NP BB+ (Is)’ to Shuvam Power Limited. Issuers with this rating are considered to have a moderate risk of default regarding the timely servicing of financial obligations in Nepal.
