IPO in Pipeline: Sikles Hydropower Limited Wishes to Issue 20 Lakh Shares

The IPO proposal of Sikles Hydropower Limited has been added to SEBON's pipeline.

The hydropower company wishes to issue 20 lakh shares at a par value of Rs. 100 per share. Thus, this will raise a total of Rs. 20 crores for the company.

Sikles Hydro has appointed BoK Capital as issue manager to float its IPO. The application was submitted to the regulator on Kartik 29.

Sikles Hydropower is a 13 MW Madi Gaupalika based hydro in the Kaski district. The company has already completed its construction and is under operation since Chaitra 19, 2074. Sikles Hydropower has also distributed cash dividends to its preexisting shareholders.