SEBON approves IPO of Nyagdi Group Power & Khanikhola Hydropower

Nagdi Group Power Limited & Khanikhola Hydropower Company Limited have received the approval from the Securities Board of Nepal (SEBON) to float the IPO. Ambika Prashad Giri, an officer of SEBON said, “ Nagdi Group Power and Khanikhola Hydropower Company Limited has received the approval from the board today.” Nagdi Group Power will be issuing 4,86,868 units shares to the locals of project affected areas. NIBL Capital Markets Limited has been appointed as the issue manager for the IPO issue of Nyagi Group Power. As per the rule of SEBON, the company should float the IPO within 2 months from the approval date by SEBON. Mekh Bahadur Thapa, General Manager of NIBL Capital Markets Limited said, “ The IPO of Nagdi Group power will be floated in 2 and half weeks for locals.” KhaniKhola hydropower will be floating 4,65,714units. Civil Capital Market Limited has been appointed as the issue manager for the IPO of KhaniKhola Hydropower .