Jyoti Capital Appointed as Underwriter for Moonlight Hydropower's IPO
Moonlight Hydropower Company Limited has appointed Jyoti Capital as the underwriter for its public issue of 9,241,426 ordinary shares. The underwriting agreement, covering a total of Rs. 924,142,600 at a face value of Rs. 100 per share, was signed in Kathmandu.
Kathmandu — Moonlight Hydropower Company Limited has appointed Jyoti Capital Limited as the underwriter for its upcoming public issue of 9,241,426 ordinary shares. The underwriting agreement, covering a total of Rs. 924,142,600 at a face value of Rs. 100 per share, has been signed.
At a ceremony held in Kathmandu today, Bikas Dhakal, Chief Executive Officer of Jyoti Capital, and Kalyan Bikram Neupane, Chairman of the Board of Directors of Moonlight Hydropower, signed the underwriting agreement.
Key features of Jyoti Capital:
- As a subsidiary of Jyoti Bikas Bank, Jyoti Capital has a paid-up capital of Rs. 210 million.
- It has obtained permission from the Nepal Securities Board to act as a merchant banker and has been providing services such as issue and sales management of securities, investment management, institutional advisory, underwriting of securities, and share registrar services.
- With the aspiration to be a partner in every customer's prosperity, the capital has been focusing on expanding its services.