Myagdi Hydropower to Issue IPO | Submits Application to SEBON
April 18, 2025 | Investopaper
Myagdi Hydropower Limited is in the process of issuing shares to the general public (IPO). For this purpose, the company has submitted the application to the Securities Board of Nepal (SEBON) on Chaitra 27, 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 has plans to issue 47.45 lakh shares. At a par value of Rs. 100, the public offering amounts to Rs. 47.45 crores.
In the first phase, the company will issue shares to the locals of the project affected areas and foreign employed Nepalese. 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 NMB Capital Limited as issue and sales manager. The agreement for public offering has already been signed between the company and NMB Capital in this regard.
Similarly, Citizen Investment Trust is the underwriter for the public offering. The agreement was signed by Bharat Prasad Nepal, Chairman of Myagdi Hydropower Limited and Parbat Bahadur Karki, Managing Director of Citizen Investment Trust.
About Myagdi Hydropower Limited
Myagdi Hydropower Limited was incorporated on April 18, 2017 as a public limited company.
The company is currently operating a 14 MW Ghar Khola HPP in Myagdi district since August 25, 2023. The project was completed at a cost of Rs. 3.18 Arba which translates into per megawatt cost of Rs. 22.80 crores.
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