Sebon approves IPO worth Rs 9.31 crore of Khanikhola Hydropower; IPO to be issued most probably within 2 weeks

Khanikhola Hydropower Company Limited has received final approval from Securities Board of Nepal (SEBON) to issue Initial Public Offering (IPO) worth Rs 9.31 crore (9,31,429  unit shares). As per the rule of SEBON, the company should float the IPO within 2 months from the approval date by SEBON. Kamal Khatri, Assistant Manager of Civil Capital Markets Limited said, “ The IPO of Khanikhola Hydropower  will be floated by Jestha 15 ( within  2 weeks) for the general public.” Civil Capital Markets Limited is the issue manager of this IPO. Khanikhola is proposing to come out with its IPO of 9,31,429 units of equity shares of face value Rs 100/- each to be issued to general public at par. Civil Capital Market Limited is the issue manager of this IPO. The hydropower project is situated at Lalitpur district.