Sanima Mai IPO gets listed today, Kalika and Naya Nepal to be listed in first week of Magh

The Initial Public Offering (IPO) shares of Sanima Mai Hydropower Limited (SHPC) has finally been listed, according to highly placed sources at Nepal Stock Exchange Limited.

“We have signed the listing agreement with Sanima Mai executives today. Since the company’s chairperson is out of the country and the CEO is out of station, other officials came up with the mandate to ink the listing agreement,” the source told today.

Now the trading of Sanima Mai shares will commence from coming Wednesday.
SMHL had floated its second round of IPO from September 22.

For the second issue, SMHL has proposed to float an Initial Public Offer of 2,110,000 equity shares of face value Rs 100 each—managed by NIDC Capital.

The issuance had closed on September 24, and was oversubscribed by some 31 times.

Meanwhile, the listing of the IPO of Kalika Micocredit Development Bank which was allotted simultaneously with SHPC IPO, which was also expected to be listed within the month of Poush, has also been deferred slightly.

“We are planning to get the IPO of Kalika as well as Naya Nepal Lagubitta Bikas Bank listed by the first week of Magh,” a source at NMB Capital, the issue manager, said. -SSN