Arun Kabeli Hydropower receives approval from Sebon to issue 30 lakh units IPO shares; IPO to be floated from Kartik 7

Securities Board of Nepal (SEBON) has given final approval to issue 30 lakh unit Initial Public Offering (IPO) shares to Arun Kabeli Power Limited. 25 MW Arun Kabeli Power will be floating 30, 00,000 units shares worth Rs 30 crore  i.e. 20% of the paid up capital as a part of Initial Public Offering (IPO) for the general public and staffs of Arun Kabeli Power Company. Siddhartha Capital Limited has been assigned as the issue manager for the IPO issue. As per the official source, ‘We will be issuing the IPO shares from Kartik 7, 2073 to the general public.’ Interested applicants can apply for minimum 50 units of shares or at maximum they can apply up to 15,000 units of shares added the source. The paid up capital of the company stands at Rs 1.20 arba. After issuance of 30 lakh unit shares worth Rs 30 crore it’s paid up capital will reach Rs 1.50 arba. Recently, Arun Kabeli had issued 15, 00,000 unit shares worth Rs 15 crore as part of its IPO at face value of Rs 100 for the locals of project affected people of Taplejung and Panchthar district on Jestha 3, 2073 till Jestha 17, 2073.