Daramkhola Hydro Energy IPO Approved By Sebon, Company To Issue 39.5 Lakh Units Soon To General Public

The Securities Board of Nepal (SEBON) has granted the Initial Public Offering (IPO) proposal of Daramkhola Hydro Energy Ltd. The approval was issued on 20th Jestha, 2082.

According to the approved proposal, the company will issue a total of 39,50,000 shares to the general public, which accounts for 38.33% of its total issued capital. The shares will be offered at a par value of Rs. 100 per unit.

The IPO has been assigned a credit rating of [IRN BB-(IS)] by Infomerics Credit Rating Nepal Limited, indicating a moderate risk profile in terms of timely repayment obligations.

Laxmi Sunrise Capital Limited has been designated as the issue and sales manager for this public offering. With SEBON’s clearance, Daramkhola Hydro Energy Ltd is now set to move forward with the IPO process.