Phedikhola Hydropower to issue IPO worth Rs 175 million to public
Summary
Fedikhola Hydropower Company Ltd plans to issue an IPO worth Rs 175 million to the public and increase authorized capital to Rs 700 million. The 4.3 MW project in Bhojpur aims to be completed by the end of Poush 2082, with funding secured through equity and loans.
Key Points
- Fedikhola Hydropower Company Ltd will issue an IPO worth Rs 175 million to the general public.
- The company's authorized capital has been increased to Rs 700 million.
- The 4.3 MW hydropower project is under construction in Salpasilihcho, Bhojpur, with a target completion by end of Poush 2082.
- Project cost is estimated at Rs 980 million, funded 49% by shareholders’ equity and 51% through loans from Rastriya Banijya Bank.
