Swet Ganga Hydro Company appoints Sanima Capital to function as issue manager for its upcoming IPO of 28.1 MW project

Wed, Aug 18, 2021 5:37 AM on Latest, IPO/FPO News,

Swet Ganga Hydro Power and Construction have appointed Sanima Capital to function as issue manager to float its Rs 47.79 crore i.e. 47.79 lakh unit shares to the general public through an IPO process.

The company is currently constructing a 28.1 MW Likhu Hydro Project in the Likhu river that runs between Okhaldhunga and Ramechap district

The MoU was signed between CEO of Sanima Capital Mr. Bishma Raj Chalise and Executive Director of the hydro project Dr. Subarna Das Shrestha amid a program.

The project has already achieved 75% of the construction work and is planning to evacuate the produced power to the national grid through the proposed New Khimpti Sub-station of the NEA, as per the media statement.