The IPO proposal of Asian Hydropower Limited is in SEBON's pipeline.
The company has submitted a proposal to the capital market regulator to issue a total of 11.80 lakh shares. This will raise Rs. 11.80 crores for the company.
The application was submitted on Poush 11. NMB Capital has been appointed the issue manager for the public offering.
According to Urja Developer, Asian Hydropower Limited was registered as a private company in January 2017. The company was later converted to a public company in July 2019. The company is implementing Lower Jogmai Khola Hydropower Project.
The Lower Jogmai Khola Hydropower Project is a Run-of-River type hydropower project located in the Ilam District of eastern Nepal. The project lies at the end reach of the Jogmai River within close proximity of the Mai Beni Hydropower Project, where the river meets the Mai river. The Installed Capacity of the project is 6.2 MW. The project is easily accessible through a 3 km road from Mechi highway at Silpur which has been upgraded by the project. The project is in operation since Nov 1, 2021.