Ghalemdi Hydro’s IPO gets approval from SEBON; 5.50 lakh unit to be issued to local people of project affected area

The initial public offering (IPO) of Ghalemdi Hydro Limited for the local people has been approved by the Securities Board of Nepal (SEBON).

The hydropower company received approval to issue 5,50,000 unit shares amounting Rs 5,50,00,000 as initial public offering to the local people of project affected area. The issuance will be the mandatory 10% issue for the local people of the project affected area.

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

Ghalemdi Hydro Limited has been developing 4 MW capacity located at ward no 7, Narchyang VDC of Myagdi district.