Chirakhwa Hydropower to issue 1.2 million IPOs

Kathmandu, March 17

Chirakhwa Hydropower Company Ltd. is going to issue IPO. The company has appointed RBB Merchant Banking Limited as the sales manager to issue 1.2 million IPOs.

The IPO issuance agreement was signed by Kedanath Karki, Director of the company and Badri Prasad Pyakurel, Chief Executive Officer of RBB Merchant Banking. The company is constructing 4.7 MW capacity Chirakhwa Hydropower in Shadananda Municipality of Bhojpur District.

After the company completes the required process, the regulatory body will issue an IPO after getting approval by submitting an application to the Securities Board of Nepal.