Sasha Engineering Hydropower to Sell 25 Lakh Shares in IPO | Appoints NIMB Ace Capital as Issue Manager
July 24, 2024 | Investopaper
Sasha Engineering Hydropower Limited is in the process of issuing shares to the public (IPO). For this purpose, the company has appointed NIMB Ace Capital Limited as the issue and sales manager.
The agreement was signed by Mr. Sibanta Bahadur Pande, Chief Executive Officer of NIMB Ace Capital and Mr. Pavitra Kumar Karki, Chairman of Sasha Engineering Hydropower Limited.
Now, the company needs to submit the application to the Securities Board Of Nepal (SEBON). If approved by SEBON, the company can issue the shares to the public.
The company plans to sell 25 lakh unit shares at the par value of Rs. 100 in the public offering. Hence, the public issue amounts to Rs. 25 crores.
About Sasha Engineering Hydropower Limited
Sasha Engineering Hydropower Limited, incorporated on n January 09, 2007, is currently developing a 30-MW Khani Khola (Dolakha) Hydropower Project.
As of mid-July 2022, the major shareholders in the company include:
Mr. Pavitra Kumar Karki (26%),
Mr. Lhakpa Sonam (12%),
Ms Chanda Sherpa (11%),
M/s. Sai Dear Investment P. Ltd. (10%),
Mr. Damodar Shrestha (9%),
Mr. Ashok K. Agrawal (9%),
M/s. Chemadevi Investment P. Ltd. (7%) and
Mr. Anil Rawal (5%).
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