IPO Proposal of Upper Lohare Hydropower Company Added to SEBON's Pipeline

The IPO proposal of Upper Lohare Hydropower Company Limited (ULHCL) is added to SEBON's pipeline.

Upper Lohare Hydropower has submitted a proposal to issue 24,98,040 shares at par value of Rs. 100 per share. This IPO issue will generate Rs. 24.98 crore for the company. Nic Asia Capital has been appointed the issue manager for this issue. The proposal was submitted on Ashwin 13, 2079 at SEBON.

It is only after the approval from the regulatory board SEBON, the company can float the shares to the general public.

Upper Lohare Hydropower Company Limited was established in November 10, 2017 as a private limited company. Later, the company was converted into the public limited company. The company is developing a Upper Lohore Hydropower Project in Dailekh district. The project is a run of the river type project with an installed capacity of 4MW.