Prabhu Helicopters Announces IPO of Ordinary Shares with Muktinath Capital as Issue Manager

Thu, Dec 21, 2023 10:13 PM on Latest, IPO/FPO Result News,

Prabhu Helicopters Limited, a pioneering name in Nepal's aviation sector, has officially revealed its plans to issue ordinary shares through an Initial Public Offering (IPO) to the general public.

Muktinath Capital Limited has been appointed as the issue manager. The agreement signing ceremony, held on the 4th of Poush 2080, saw Mr. Subhash Amatya, Managing Director of Prabhu Helicopters, and Mr. Kabindra Dhoj Joshi, CEO of Muktinath Capital, formalizing this strategic collaboration.

Prabhu Helicopters, founded in 2009, has played a pivotal role in tourism and civil aviation in Nepal. With a share capital of Rs.6.60 crore, the company is set to become the first helicopter enterprise in Nepal's capital market, offering 6,60,000 ordinary shares at a face value of Rs.100/-. The company's current fleet boasts helicopters from renowned manufacturers such as Airbus and Robinson, ensuring top-notch safety and quality services.