ABP Energy Appoints Siddhartha Capital as IPO Issue Manager
Summary
ABP Energy Limited has appointed Siddhartha Capital Limited as the issue and sales manager for its proposed IPO, subject to regulatory approvals. The company is developing the 8 MW Tadi Ghyangphedi Hydropower Project in Nuwakot with financing from Siddhartha Bank.
Key Points
- ABP Energy Limited has signed an agreement with Siddhartha Capital Limited to manage its proposed IPO.
- Siddhartha Capital will act as the issue and sales manager, pending regulatory approvals.
- ABP Energy is developing the 8 MW Tadi Ghyangphedi Hydropower Project in Dupcheshwor Rural Municipality-1, Nuwakot.
- The project has an estimated cost of Rs 1.64 billion, with Siddhartha Bank providing Rs 1.23 billion in loans.
