Thu, Oct 11, 2018 12:56 PM
Initial Public Offering (IPO) of two companies have been added in SEBON’s IPO pipeline for approval. 35,34,340 unit shares of Union Hydropower Limited and 1,80,000 Swabhimaan Microfinance Bittiya Sanstha has been added in the IPO pipeline.
35,34,340 unit shares of the hydropower company includes unsubscribed 6,21,790 units issued to the locals of the project affected area. Laxmi Capital Market Limited has been appointed as the issue manager for the IPO issuance.
The company had floated 7,50,000 units for the locals of Lamjung and Kaski district.
Union Hydropower has been constructing a 3.3 MW Midim Khola Project. It has also received approval for construction of 23 MW Mewa Khola Project.
Similarly, 1,80,000 unit shares of Swabhimaan Microfinance Bittiya Sanstha Limited has also been added in the pipeline.
The company will be issuing shares worth Rs 1.80 crore for the general public.
Siddhartha Capital has been appointed as the issue manager for the IPO issuance.
Rupandehi based microfinance company had reported Rd 2.55 lakhs net profit in the fourth quarter of the FY 2074/75. After the issuance of IPO, the paid-up capital of the microfinance company will reach Rs 6 crore.