SEBON has finally accepted the IPO share of Ingwa Hydropower and Mai Khola Hydropower. The Securities Exchange Board of Nepal has approved the proposed initial public offering (IPO) of Mai Khola Hydropower Limited and Ingwa Hydropower Limited (SEBON).

Notice Date: February 22, 2023

Ingwa Hydropower will now issue 1,800,000 equity shares at a par value of NPR 100 each. The offering is worth 18 crore rupees. This amounts to 30% of the corporation’s total outstanding capital. The company’s total paid-up capital would be Rs 60 crore after the IPO allocation.

Ingwa Hydropower and Mai Khola Hydropower's IPO bids have received final SEBON approval.

More about Ingwa Hydropower and Mai Khola Hydropower’s IPO bids have received final SEBON approval.

The proposed initial public offering (IPO) of Mai Khola Hydropower Limited and Ingwa Hydropower Limited has been approved by the Securities Exchange Board of Nepal (SEBON). The Nepal SBI Merchant Banking Ltd. has been chosen as the proposed IPO’s issuing manager. SEBON authorized the plan on Falgun 02. Ingwa Hydropower Ltd. was established as a private limited company on June 23, 2009. It converted to a public limited corporation on August 25, 2014.

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The company has acquired institutional and private financing to develop a 9.70 Megawatt run-of-river Upper Ingwa Khola hydropower project (UIKHP) in Nepal’s Panchthar district. The project is being constructed under the BOOT (Build, Own, Operate, and Transfer) structure.

Ingwa Hydropower will now issue 1,800,000 equity shares at a par value of NPR 100 each. The offering is worth 18 crore rupees. This amounts to 30% of the corporation’s total outstanding capital. The company’s total paid-up capital would be Rs 60 crore after the IPO allocation. To raise Rs. 19.21 crores, Mai Khola Hydropower will now issue 1,921,568 unit shares having a par value of 100 rupees. The issued capital represents 49% of this. The company’s total paid-up capital will be Rs 39.21 crore after the IPO allocation. Prabhu Capital Ltd. is the issue manager. SEBON approved the idea on Falgun 03.

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