Him Parvat Hydropower receives IPO approval from Securities Board
The Securities Board of Nepal has granted Him Parvat Hydropower permission to issue an IPO worth Rs 59.15 crore. The approval comes after about five and a half months, following the last IPO approval to Everest Color on Baisakh 1.
Kathmandu. The Securities Board of Nepal (SEBON) has granted Him Parvat Hydropower approval to issue an IPO. The board provided the approval today, Ashoj 20, for the company to issue the IPO.
With this approval, the company will sell an IPO worth Rs 59.15 crore. The company will issue a total of 591,500 shares at a face value of Rs 100 each.
The issue manager for this IPO is Citizens Capital.
The Securities Board approved the IPO after about five and a half months. Previously, the board had approved Everest Color to issue an IPO on Baisakh 1.