Synergy Power got approval from SEBON to float 7 lakh units IPO shares for locals of Dolakha District

Synergy Power Development Limited has got final approval from Securities Board of Nepal (SEBON) to issue 7, 00, 000 units Initial Public Offering (IPO)  shares worth Rs 7 crore for the project affected area of Dolakha district. Civil Capital Market Limited has been assigned as the issue manager for the IPO. As per the official of Civil Capital Markets Limited, “ We will be publishing  offer letter for the IPO  within third week of Shrawan.” ICRA Nepal has assigned an “[ICRANP] IPO Grade 4”, indicating below average fundamentals to the proposed initial public offering (IPO) of Synergy Power Development Limited. Synergy Power is developing 10MW Sipring Khola Hydropower Project at Dolakha district.