September 17, 2021 | Investopaper
Bikas Hydropower Limited is planning to issue Initial Public Offering (IPO). For this purpose, the company has appointed Prabhu Capital Limited as the issue & sales manager.
Krishna Prasad Ghimire, Managing Director of Bikas Hydropower and Dinesh Thakali, Managing Director of Prabhu Capital Limited signed the agreement at a program organized on Thursday.
Bikas Hydropower is going to float 13,88,500 shares in the IPO. At a par value of Rs 100, the public issue amounts to Rs 13.88 crores. The company has an issued capital of Rs 46.28 crores.
Now, the company needs the approval from the Securities Board of Nepal (SEBON) for the public offering.
The company is constructing Upper Machakhola Small Hydropower Project at Machakhola in Darche rural municipality of Gorkha district. The project has an installed capacity of 4.55 MW.