IPO Proposal of Taksar Pikhuwa Khola Hydropower Approved By SEBON
Summary
Securities Board of Nepal has approved the IPO proposal of Taksar Pikhuwa Khola Hydropower Limited to issue 42.3 lakh shares with a par value of Rs. 100 each. The project is an 8 MW run-of-river hydropower plant in Bhojpur district.
Key Points
- Securities Board of Nepal (SEBON) approved the IPO proposal of Taksar Pikhuwa Khola Hydropower Limited on Falgun 01, 2082.
- The company will issue 42.30 lakh shares to the general public at Rs. 100 par value per share.
- Prabhu Capital Limited is appointed as the issue manager for the public offering.
- CARE Ratings Nepal Limited reaffirmed the issuer rating of CARE-NP BB+ (Is) for the company, indicating moderate default risk.
