Champawati Hydropower to Float IPO | Submits Application to SEBON
November 21, 2024 | Investopaper
Champawati Hydropower Limited is in the process of issuing shares to the public (IPO).
For this purpose, the company has submitted the application to the Securites Board of Nepal (SEBON) on Karthik 4, 2081 BS. Only after receiving the approval from the regulatory body, the company can float the shares to the public.
If approved by SEBON, the company is planning to float 16,00,000 unit shares at the par value of Rs. 100 in the public offering. Hence, the public issue amounts to Rs. 16 crores.
The company has appointed RBB Merchant Banking Limited as the issue and sales manager. The agreement for public offering was signed between the company and RBB Merchant Banking Limited on this regard.
Electricity Regulatory Commission (ERC) has already given pre-approval to the company for the IPO issuance.
About Champawati Hydropower Limited
Champawati Hydropower Limited, incorporated on June 10, 2010 as a private limited company, converted Public Limited Company on February 15, 2022.
The hydropower company is currently developing Chepe A Hydropower Project District in Gorkha and Lamjung district. The project is a run-of-river type project with an installed capacity of 7 MW.
The estimated cost of the project is Rs. 132.6 crores, which translates into per MW cost of Rs. 18.9 crores.
Recommended:
