SEBON Grants Regulatory Approval to Aashutosh Energy Limited for IPO: 12 Lakh Units for Local & General Public
Summary
SEBON has approved Aashutosh Energy Limited’s IPO, allowing the company to issue 12 lakh ordinary shares to local residents and the general public. NMB Capital Limited will manage the offering, which represents 20 percent of the company’s issued capital.
Key Points
- SEBON has approved Aashutosh Energy Limited’s initial public offering in the hydropower sector.
- The company will issue 1,200,000 ordinary shares at a face value of NPR 100 each, totaling NPR 120 million.
- The public issue represents 20% of the company’s issued capital, while promoters will hold the remaining 80%.
- NMB Capital Limited has been appointed as the issue manager for the IPO.
