IPO of Singati Hydropower to hit the market soon; Civil Capital appointed as the issue manager for the issue of 43.50 lakh unit shares

Sun, Jul 15, 2018 4:21 AM on IPO/FPO News, Latest, Stock Market,

Civil Capital Market has concluded an agreement regarding the IPO issuance of Singati Hydropower Company Limited. Civil Capital Market has been appointed as the issue manager for the IPO issuance.

The agreement was signed by Acting CEO of Civil Capital, Mr Suman Acharya and Executive Director of Singati Hydropower, Mr Ganes Karki.

The hydropower company is all set to issue 43,50,000 unit shares as initial public offering. The hydropower company will be floating 14,50,000 units for the locals of Dolakha district and 29,00,000 unit shares for the general public.

Singati Hydropower Company has been currently developing the Singati Khola Hydropower Project (16 MW) capacity, widely known as super six project the Company using the service of other individuals, consultants, which are specialist in their field.