Jyoti Capital to Underwrite Moonlight Hydropower's Rs 92.41 Million IPO
Moonlight Hydropower Company Limited has appointed Jyoti Capital Limited as the underwriter for its upcoming public offering of 9,241,426 ordinary shares. The shares, priced at Rs 100 each, amount to a total of Rs 924,142,600, with an underwriting agreement signed between the two companies.
Kathmandu — Moonlight Hydropower Company Limited has appointed Jyoti Capital Limited as the underwriter for its upcoming public offering of 9,241,426 ordinary shares.
Priced at Rs 100 per share, the total value of the offering stands at Rs 924,142,600. An underwriting agreement was signed between Moonlight Hydropower and Jyoti Capital.
At a ceremony held in Kathmandu, Bikas Dhakal, Chief Executive Officer of Jyoti Capital, and Kalyan Bikram Neupane, Chairman of the Board of Directors of Moonlight Hydropower, signed the agreement.
As per the agreement, Jyoti Capital will underwrite the ordinary shares that the company will issue to the general public.
Jyoti Capital, a subsidiary of Jyoti Bikas Bank, has a paid-up capital of Rs 210 million. The company has obtained a merchant banking license from the Securities Board of Nepal and provides the following services:
- Securities issuance and sales management
- Investment management
- Institutional advisory
- Securities underwriting
- Share registrar