NIBL Ace Capital named issue manager for Liberty Energy's IPO

Published On: December 19, 2018 01:17 PM NPT By: Republica  | @RepublicaNepal

KATHMANDU, Dec 19: Liberty Energy Company has appointed NIBL Ace Capital Limited as the issue manager for its upcoming IPO. According to a statement issued on Tuesday, the company is preparing to issue 3.75 million ordinary shares with face value of Rs 100. It plans to issue 10 percent of the shares, 1.5 million units, to the project-affected locals and 15 percent, 2.25 million units, to general public.

Managing Director of Liberty Energy Aatma Ram Ghimire and Deputy General Manager of NIBL Ace Capital Limited Kabindra Dhoj Joshi signed the agreement on behalf of their respective companies. Liberty Energy is building Upper Dordi A Hydropower Project of 25 MW in Lamjung district. The project has achieved 85 percent work progress. It targets to complete remaining works by April, 2019.

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