Global IME Capital Ltd has been announced as The issue manager for the IPO of Shikhar Power Development Ltd.

Notice Date: December 12, 2022

Shikhar Power Development (SPDPL) Ltd. and Global IME Capital Ltd. have agreed to conduct an initial public offering (IPO) of securities to the general public. Shikhar Power Development Ltd. would issue 9.92 lakh ordinary shares for a price of Rs. 100 per share.

Shikhar Power Development Ltd’s IPO

On the 19th of Mansir, 2079, Shikhar Power Development Ltd. attended a special event held at the Global IME Capital headquarters. Mr Hemraj Acharya, as well as the SPDPL Managing Director. Mr Paras Mani Dhakal, Global IME Capital Ltd CEO, signed the contract. If SEBON (Securities Board of Nepal) approves the application submitted by the company, then the hydropower can issue the shares to the public.

The company will sell shares to the public in the project-affected areas’ first phase. The shares will be offered to the general public in the second phase, including the company’s employees and other mutual fund schemes.

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More details about the IPO of Shikhar Power Development Ltd.

In Kathmandu, Nepal, Shikhar Power Development (SPDPL) is founded. Maximizing is the company’s objective—The nation’s hydroelectric potential to aid national development. The company has a 50 crore rupee allowed capital and a 33.8 crore issued capital. Ten promoter shareholders have paid the share capital of Rs. 23.16 crores in this company, which owns 70% of the shares of the promoter group.

This company, which is appropriately registered with the office of the Registrar of Companies, is now building the “Bhimkhola Small Hydropower Project (4.96 M.W.)” in the Badigad Rural Municipality of the Baglung District. Over 65 per cent of the project is finished, according to the company’s managing director, Mr Hemraj Acharya. Also promoted is the 6.05 MEW Lower Bhimkhola Cascade Hydropower Project. Additionally, the corporation is getting ready to invest in additional hydropower projects, hotels, agriculture, and other industries.

 

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