KATHMANDU, May 23: Him Star Urja Company Pvt Ltd has received permission to issue an Initial Public Offering (IPO). The Securities Board of Nepal (SEBON) granted the company approval on Friday to issue the IPO.
The company has been granted permission to issue an IPO worth Rs 111.9 million for 1.119 million shares. The company had applied for permission to issue 30 percent of its paid-up capital shares in Mangsir 2080 (mid-November-mid-December 2023).
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NIC Asia Capital is the sales manager for the company, which has an electricity production capacity of 5 megawatts.
