Sani Gad Hydro Limited has set today (Chaitra 25) as the final day for applications for its IPO issued to project-affected local residents.

Although the subscription period was extended until Baisakh 7, 2083, the company has decided to close the issue after banking hours due to oversubscription.

The company issued a total of 2,850,000 ordinary shares for local residents affected by the project.

Out of this, 1,852,500 shares are allocated to highly affected areas of Bungal Municipality wards 1, 2, and 4 in Bajhang district. The remaining 997,500 shares are distributed among residents of wards 3, 5, 6, 7, 9, 10, and 11.

Investors can apply for a minimum of 10 shares and a maximum of 20,000 shares.

The issue and sales manager is Laxmi Sunrise Capital Limited.

According to ICRA Nepal, the company has been assigned an Issuer Rating of BB-, indicating moderate credit risk.

Applications are being accepted through designated bank branches and project offices.