Ankhukhola Jalabidyut to issue IPO worth Rs 20 crore; SEBON gives final approval for issuance

Securities Board of Nepal  has provided approval to the issuance of initial public offering (IPO) of Ankhukhola Jalabidyut Company Limited. The hydropower company has received approval to issue 20 lakh unit shares at a par value of Rs 100 per share.

The hydropower company will be issuing 8 lakh unit (10% of its capital) to the locals of Dhading district and 12 lakh units (15% of its capital) for the general public.

Civil Capital Market has been appointed as the issue manager for the IPO issuance.

Its current paid-up capital stands at Rs 60 crore which will reach Rs 80 crore after the issuance of IPO worth Rs 20 crore.

The project is situated in Dhading district with production capacity of 8.4 MW