One more hydropower company set to issue IPO; Himal Dolakha’s 78 lakh unit shares added in SEBON’s IPO pipeline

Himal Dolakha Hydropower Company Limited has applied in SEBON for approval to issue 78 lakh unit shares as its Initial Public Offering (IPO).

The hydropower company will be issuing 16 lakh unit shares for the locals of project affected area and 62 lakh units for the general public.

Global IME Capital Limited has been appointed as the issue manager for the IPO issuance.

The company has completed 4.5 MW Mai Khola Small Hydropower project located in Godak VDC of Rs 72,53,00,000 . It has almost completed 8 MW Mai Small Cascade Hydropower project at Illam Municipality of Rs 1,34,57,00,000 and will start its commercial production in a month. Both the projects cost around Rs 16 crore per MW.