Kalinchowk Hydropower to Issue IPO worth Rs. 7.50 Crores | Submits Application to SEBON

February 14, 2024 | Investopaper

Kalinchowk Hydropower Limited is in the process of issuing shares to the public (IPO). For this purpose, the company has submitted the application to the Securities Board Of Nepal (SEBON) on Magh 22, 2080 BS. Only after receiving the approval from the regulatory body, the company can float the shares to the public.

If approved by SEBON, the hydropower will float 750,000 shares in the public offering. At a par value of Rs. 100, the public issue amounts to Rs. 7.50 crores.

In the first phase, the company will sell the shares to the locals of the project affected areas and foreign employed Nepalis. Likewise, in the second phase, the hydropower will float shares to the general public, including the employees of the company and the mutual fund schemes.

The company has appointed RBB Merchant Banking Limited as issue and sales manager for the IPO. The agreement for public offering has been inked between Kalinchowk Hydropower Limited and RBB Merchant Banking Limited on this regard.

About Kalinchowk Hydropower Limited

Kalinchowk Hydropower Limited, established on April 08, 2016 as private limited company, was converted into the public company on June 15,

The company is currently constructing a 5 MW Sangu (Sorun) Khola Hydroelectric Project. The project is a run-of-river type project located at  Dolakha District of Nepal

The major promoters include:

—Ms. Indira Panta (13 percent share),

—Mr. Ram Chandra Upreti (11 percent share),

—Ms. Devika Dahal (5 percent share) and

—Ms. Bhawani Pokharel (5 percent share).


How to apply IPO/FPO/Right Share through Mero Share?

Upcoming Initial Public Offerings (IPO) In Nepal


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