KATHMANDU, Feb 6: Kalinchok Hydropower Limited has received approval to issue an initial public offering (IPO), according to the Securities Board of Nepal (SEBON).
The company has been permitted to issue 1.375 million shares at a par value of Rs 100 per share, amounting to a total of Rs 137.5 million.
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RBB Merchant Banking has been appointed as the issue and sales manager for the IPO.
Kalinchok Hydropower is currently developing the 5-megawatt Sangu (Sorun) Khola Small Hydropower Project. The project is under construction in Dolakha district, covering the areas of Kalinchok, Khopachangu, and the former Sangu (Sorun) Village Development Committee.
