IPO Proposal of Pashupati Renewables Added to SEBON's Pipeline
Summary
Pashupati Renewables Limited has proposed an IPO to issue 14.4 lakh shares to raise Rs. 14.40 crore for its solar farm projects in Kapilvastu, Nepal. The IPO awaits SEBON approval with NMB Capital as issue manager.
Key Points
- Pashupati Renewables Limited has submitted an IPO proposal to SEBON to issue 14.4 lakh shares at Rs. 100 each, raising Rs. 14.40 crore.
- NMB Capital Limited has been appointed as the issue manager for the IPO.
- Pashupati Renewables is developing a 10 MW Dharamnagar solar farm and a 15 MW DSFP-II project in Kapilvastu, Lumbini Province, Nepal.
- ICRA Nepal assigned a BB- issuer rating to Pashupati Renewables indicating moderate risk of default on financial obligations.
