Shuvam Power Limited (SHUVAM) is launching an issue of 4,81,882 unit shares with a face value of Rs 100 starting today, March 18th, 2079. The company expects to earn Rs 4.81 crore from this IPO. This issue’s early closing date is 22nd Magh, and if it is not fully subscribed, it can be extended until Falgun 03, 2079.
Out of the total 580,580 units, 10%, or 58,058 units, have already been issued and allotted to Nepalese citizens working abroad, 2%, or 11,610 units, have been set aside for the company’s employees, and 5%, or 29,030 units, have been set aside for mutual funds. The remaining 4,81,882 units are for general distribution.