SEBON approved Madhya Bhotekoshi Hydro to issue IPO; Hydro to issue 1 crore 50 lakh units of IPO

Kathmandu, April 20

Madhya Bhotekoshi Hydropower Company Limited has received permission to issue an IPO worth Rs. 1 arba 50 crore.

The Securities Board ofd Nepal (SEBON) has given permission to the hydropower company to issue an IPO on Baisakh 5. With this permission, the company will now issue a total of 1 crore 50 lakh IPOs at a face value of Rs 100.

The company will issue an IPO for the project-affected locals and the general public. This IPO is equivalent to 25 percent of the company’s paid-up capital.

Global IME Capital Limited is the IPO issuer and sales manager of the company.