IPO Proposal of Tenx Hydro Holding Limited Added to SEBON's Pipeline
Summary
Tenx Hydro Holding Limited has entered SEBON’s pipeline with a proposal to issue 8,00,000 shares at Rs. 100 each, aiming to raise Rs. 8 crores. CARE Ratings Nepal has assigned the company a ‘CARE-NP BB- (Is)’ issuer rating, while Muktinath Capital Limited will manage the issue.
Key Points
- Tenx Hydro Holding Limited has proposed an IPO of 8,00,000 shares at a par value of Rs. 100 per share.
- The issue could raise Rs. 8 crores for the company, pending approval from SEBON.
- Muktinath Capital Limited has been appointed as the issue manager.
- CARE Ratings Nepal Limited has assigned Tenx Hydro Holding Limited an issuer rating of ‘CARE-NP BB- (Is)’.
- The company operates the 0.99 MW Selang Khola Hydropower Project in Sindhupalchok district.
