Kathmandu. Super Khudi Hydropower Limited has received approval for the IPO issuance.
The Securities Board of Nepal (SEBON) has given permission to Super Khudi Hydropower Limited to float an initial public offering (IPO) worth Rs 31 crore. The company will now issue 31 lakh units of ordinary shares at a face value of Rs 100.
This IPO is equivalent to 20 percent of the company’s paid-up capital. After the IPO issuance, the paid-up capital of the company will reach above Rs 1.55 billion. Presently, the promoter group has investment of Rs 1.24 billion in the company.
Global IME Capital has been appointed as the issue manager for the IPO issuance.
