Doodhpokhari Chepe Hydropower Signs IPO Agreement with Muktinath Capital

Doodhpokhari Chepe Hydropower Limited has signed an agreement with Muktinath Capital Limited for the issuance and management of its Initial Public Offering (IPO). Under this agreement, Muktinath Capital will act as the Issue Manager for the IPO. The signing was conducted by Chairperson Sabin Pradhanang on behalf of the hydropower company and CEO Kabindra Dhoj Joshi for Muktinath Capital.

The company is constructing an 11 MW project on the historic Chepe River along the Gorkha-Lamjung border. With key approvals, grid connection, and power purchase agreements secured since 2074-75 BS, the project has completed 78% of construction, targeting full completion by end of Chaitra 2082 BS.

To fund the final phase, the company plans to offer 20,20,000 ordinary shares at Rs. 100 each, representing 20% of the issued capital, to the public. The chairman noted that the IPO will strengthen investor relations and encourage investment in Nepal’s hydropower sector.