Bhairabkunda Hydropower’s Rs 31.83 crore worth IPO added in SEBON pipeline; Company to issue shares for both locals and general public

Thu, Oct 25, 2018 8:13 AM on IPO/FPO News, Latest, Stock Market,

Securities Board of Nepal (SEBON) has added 31,83,280 unit shares Initial Public Offering of Bhairabkunda Hydropower Limited in pipeline for approval.

The hydropower company has applied to issue 6,50,000 unit shares for the locals of Taatopaani village municipality and 25,33,280 units for the general public.

Global IME Capital Limited has been appointed as the issue manager for the IPO issuance.

The company’s total paid-up capital amounts to Rs 65 crore, out of which 10% will be issued to the locals of project affected area and 1% for its employees.

Sindhupalchowk based project has 3MW production capacity.