Madhya Bhotekoshi Hydropower to issue 6 million IPO

Madhya Bhotekoshi Hydropower Company Limited is going to issue 6 million ordinary shares (IPO). Securities Board of Nepal (SEBON) has given permission to Madhya Bhotekoshi Hydropower Company to issue the IPO.

The company is going to issue IPO for the project-affected and other areas of Sindhupalchok district from May 4.

In the first phase, the company is going to issue a total of 6 million ordinary shares at the face value of Rs 100 per share. The company had received permission from the Nepal Securities Board to issue a total of 15 million IPOs on April 18.