170 Days Later: Him Parbat Hydropower IPO Approved for Rs 591.5M Public Issue
Summary
SEBON has approved Him Parbat Hydropower Limited’s Rs 591.5 million public share issue after a 170-day wait. The company plans to sell 5.915 million ordinary shares through Citizens Capital Limited after meeting listing requirements and starting commercial power generation from two projects.
Key Points
- SEBON has cleared Him Parbat Hydropower Limited to issue 5.915 million ordinary shares worth Rs 591.5 million to the public.
- Citizens Capital Limited will manage the sale and distribution of the shares.
- The company had waited about 170 days for approval after applying on November 20, 2024 and says it has already begun commercial generation from the Sagu Khola-1 and Sagu Khola projects.
- SEBON Chairman Dr. Gopal Prasad Bhatta had suggested multiple approvals might come before Ashwin 15, but only one company has been approved so far.
