White Lotus Power Limited to Float IPO | Submits Application to SEBON
July 21, 2025 | Investopaper
White Lotus Power 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 Ashad 31, 2082 BS. Only after the regulatory body SEBON’s permission, the company can sell the shares to the public.
If approved by SEBON, the company plans to sell 12.19 lakh unit shares at the par value of Rs. 100 in the public offering. Hence, the public issue amounts to Rs. 12.19 crores.
The company has appointed Nepal SBI Merchant Banking Limited as the issue and sales manager. The agreement for public offering was signed between the company and Nepal SBI Merchant Banking Limited on this regard. Suman Kumari Joshi, Chairman of White Lotus Power Limited and Lekhnath Pokharel, CEO of Nepal SBI Merchant Banking inked the agreement.
In the first phase, the company will sell shares to the locals of the project affected areas. 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.
About White Lotus Power Limited
White Lotus Power Limited, incorporated on January 28, 2018, as a private limited company, was transformed into public limited company on September 23, 2021.
The company is currently developing Hidi Khola Hydropower Project in Lamjung district. The project is a run-of-river type project with an installed capacity of 6.82 MW.
The estimated cost of the project is Rs. 132.70 crores, which translates into per megawatt cost of Rs. 19.50 crores.
The major promoters of the company include:
—Kriti Venture Fund Ltd.,
—White Lotus Management Pvt. Ltd.,
—All Bright Holdings Pvt. Ltd.,
—Shikhar Insurance Ltd.,
—Citizen Life Insurance Ltd.,
—Pratap Jung Pandey etc.
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