Machhapuchchhre Capital Appointed as Issue Manager for Peace Energy IPO

Machhapuchchhre Capital Limited has been appointed as the institutional advisor and issue manager for Peace Energy Company Limited’s initial public offering (IPO), which will release 20% of its capital, equivalent to 32 lakhs units of ordinary shares, to the public. The agreement was signed by Upendra Malakar, CEO of Machhapuchchhre Capital, and Dr. Madan Kumar Upreti, Executive Chairman of Peace Energy.

Peace Energy is constructing the 28.1 MW Upper Kavreli Hydropower Project in Sirijunga, Taplejung, with over 61% physical progress, aiming for completion and connection to the national grid by 14 Kartik 2083. Machhapuchchhre Capital, a subsidiary of Machhapuchchhre Bank, provides comprehensive merchant banking services, including issue management, investment management, advisory, and collective investment fund services.