Tundi Power Appoints Kumari Capital as Issue Manager for Public Share Offering

Tundi Power Company Limited has appointed Kumari Capital Limited as the issue and sales manager for its upcoming Initial Public Offering (IPO) of 1 crore ordinary shares worth Rs 1 Arba at a face value of Rs 100 per share.

The shares will be issued to Nepali citizens working abroad with labor approval, residents of project-affected areas, employees, collective investment funds, and the general public. The agreement was signed by Indra Prasad Dhakal and Puspa Sharma.

Tundi Power Company Limited is currently operating two hydropower projects in Myagdi district, Chimkhola Rahughat Mangale (35.5 MW) and Upper Rahughat (48.5 MW), utilizing water from the Rahuganga River. The company began commercial electricity production on Shrawan 20, 2082, with electricity currently being connected and sold through the Rahughat Hydropower Project substation.