Panchthar Power Company appoints Sanima Capital as issue manager to float 20 lakh units IPO shares
Mon, Oct 23, 2017 5:06 PM on Latest, IPO/FPO News, Stock Market,
Sanima Capital Limited has signed an agreement with Panchthar Power Company Limited to manage issue of its Initial Public Offering (IPO) of 20,00,000 units Ordinary Shares of the 14.9 MW Hewa Khola ‘A’ Hydropower Project at Rs. 100 for local of project affected area and general public.
Mr. Manish Narayan Joshi, Chief Executive Officer of Sanima Capital Ltd. and Pushpa Jyoti Dhungana, Managing Director of Panchthar Power Limited have signed the Memorandum of Understanding (MOU) on Kartik 1, 2074.
Issuing a press statement published today, The company currently has the paid up capital of Rs 76 crore . It will be issuing 10,00,000 units of ordinary shares to the locals and 10,00,000 units of ordinary shares to the general public.
The paid up capital after the issuance of IPO will reach Rs 96 crore. Panchthar Power Company Limited is currently running 14.9 MW Hewa Khola ‘A’ hydropower project located in Panchthar district. The project has started its commercial production and sale of power from Magh 22, 2073.
Issuing a press statement published today, The company currently has the paid up capital of Rs 76 crore . It will be issuing 10,00,000 units of ordinary shares to the locals and 10,00,000 units of ordinary shares to the general public.
The paid up capital after the issuance of IPO will reach Rs 96 crore. Panchthar Power Company Limited is currently running 14.9 MW Hewa Khola ‘A’ hydropower project located in Panchthar district. The project has started its commercial production and sale of power from Magh 22, 2073.
