Habitat Power Company to Float 11 Lakh Shares in IPO
September 4, 2024 | Investopaper
Habitat Power Company Limited is in the process of issuing shares to the public (IPO). For this purpose, the company has appointed Muktinath Capital Limited as the issue and sales manager.
An agreement has been reached between the company and Muktinath Capital on this regard. The agreement was signed by Batu Lamichhane, Chairman of Habitat Power Company Limited and Kavindradhwaj Joshi, Chief Executive Officer of Muktinath Capital.
Now, the company needs to submit the application to the Securities Board Of Nepal (SEBON) after completing the necessary procedures. Only after the approval from the regulatory body SEBON, the company can sell shares to the public.
The company plans to sell 20 percent of the total issue capital (Rs. 55 crores) i.e. 11,00,000 shares in the public offering.
About Habitat Power Company Limited
Habitat Power Company Limited, established on July 13, 2006 as a private limited company was converted into a public limited company on July 01, 2023.
The company is currently developing Hewa A Small Hydropower Project in Panchthar district. The project is a Run-of-the-river (ROR) type project with an installed capacity of 7.5 MW.
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