United Idi Mardi and RB Hydropower Limited looking to issue 1.05 Million units as IPO; SEBON adds the issue to pipeline

Securities Exchange Board of Nepal (SEBON) has added proposed IPO issue of United Idi Mardi and RB Hydropower Limited under preliminary review in the latest list of IPO issues in pipeline published.

The hydropower company is proposing to come out with an IPO of 1,050,000 equity shares with a face value NPR 100 each, at par for the locals of project affected area and the general public. The amount of the issue is Rs.10.50 Crore.

Global IME Capital Limited has been appointed as the issue manager for the proposed IPO issuance.