The IPO proposal of Sanima Middle Tamor Hydropower Limited (SMTHL) is in SEBON's pipeline.
The company has submitted a proposal to the capital market regulator to issue a total of 8,331,250 shares. This will raise Rs. 83.31 crores for the company.
The application was submitted on Ashad 24. Sanima Capital has been appointed the issue manager for the public offering.
Sanima Middle Tamor Hydro Power Ltd (SMTHL) is a Public Limited company, incorporated as on May 05, 2016. It is promoted by individual promoters from different background, institutional investors majorly related to Sanima Hydro group and other institutes which includes Banks and Insurance companies for setting up of a 73 MW run-of-river, Middle Tamor Hydropower Project in Taplejung district of Nepal. The project is constructed under BOOT (Build, own, Operate and Transfer) mechanism.