Bikas Hydropower appoints Prabhu Capital as issue manager to float 13.88 lakh unit shares in IPO; 4.55 MW hydro project in Gorkha completes 50% of construction work

Fri, Sep 17, 2021 5:27 AM on Latest, IPO/FPO News,

Bikas Hydropower Company Limited, the developer of 4.55 MW Upper Machha Khola Hydropower project at Darche Gaupalika of Gorkha district has appointed Prabhu Capital as the issue manager for the issuance of 13.88 lakh unit shares to the general public.

The agreement was signed between Mr. Krishna Prasad Ghimire, ED of the hydro developer, and MD of the merchant banker Mr.  Dinesh Thakali, amid a program.

The hydropower company has so far completed 50% of the construction work and is eyeing to begin commercial production of the electricity at the earliest, as per the media statement.