Sanima Mai plans IPO

KATHMANDU,JUNE 5: 

Sanima Mai Hydro Power is floating 316,500 units of ordinary shares with a face value of Rs 100 per unit. It has appointed NCM Merchant and Banking as issue and sales manager for the IPO. The company will float 10,55,000 units and 211,000 units of shares to the locals and public, said the sixth hydropower company that is preparing to go public. Sanima's MD Tuk Prasad Paudel and NCM's MD Bijay Lal Shrestha signed a pact on behalf of their respective institutions.

Source: THT