IPO Proposal of Taksar Pikhuwa Khola Hydropower Approved By SEBON

The Securities Board of Nepal (SEBON) has granted the Initial Public Offering (IPO) proposal of Taksar Pikhuwa Khola Hydropower Limited. The issue is approved on Falgun 01, 2082.

According to the approved proposal, the company will issue a total of 42.30 lakhs unit shares to the general public. The shares will be offered at a par value of Rs. 100 per units.

Prabhu Capital Limited has been appointed the issue manager for the public offering.

CARE Ratings Nepal Limited (CRNL) has reaffirmed the issuer rating of `CARE-NP BB+ (Is)’ assigned to Taksar Pikhuwa Khola Hydropower Limited (TPKH). Issuers with this rating are considered to offer moderate risk of default regarding timely servicing of financial obligations, in Nepal.

Taksar Pikhuwa Khola Hydro Power Limited (TPKH) is a public company, incorporated on April 23, 2014, as private company, which was converted into public limited company on September 29, 2021. It is promoted by individual promoters from different background for setting up of an 8 MW run- of-river, Taksar Pikhuwa Khola Hydropower Project (TPKHP) in Bhojpur district of Nepal.