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Kalika Power to issue IPO on September 13

Kalika Power Company (KPCL) is set to issue Rs 120 million worth of IPO on September 13. 
The company is issuing 1,200,000 units of shares to the general investors.
The investors can apply for a minimum of 50 and maximum of 6,000 units of shares.
Kathmandu Capital Market and Global IME Capital is its issue manager. 
ICRA Nepal has assigned Grade 4 rating to the IPO indicating below average fundamentals.
Kalika Power is operating 6MW Daraudi A Hydropower Project in Gorkha. 

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