Machhapuchchhre Capital Appointed for Sumnima Hydropower IPO

Machhapuchchhre Capital Limited and Sumnima Hydropower Company Limited signed an agreement on 2082/07/02 for the institutional advisory, issuance, and sales management of Sumnima Hydropower’s initial public offering (IPO). Sumnima Hydropower plans to issue 20% of its ordinary shares to the public and has appointed Machhapuchchhre Capital as its institutional advisor and issue manager.

The signing ceremony was attended by Upendra Malakar, CEO of Machhapuchchhre Capital, and Ashish Subedi, Chairperson of Sumnima Hydropower. Sumnima Hydropower is constructing the Upper Pikhwa Hydropower Project, a 4.9 MW plant utilizing the Pikhwa River in Bhojpur. Machhapuchchhre Capital, a subsidiary of Machhapuchchhre Bank, provides a range of capital market services, including securities issuance, investment management, and advisory services.