Laughing Buddha Power Nepal Gets SEBON’s Nod for NPR 657 Million IPO

GP Chudal

Laughing Buddha Power Nepal

Laughing Buddha Power Nepal Gets SEBON’s Nod for NPR 657 Million IPO

Laughing Buddha Power Nepal Limited, a leading hydropower company, has secured approval from the Securities Board of Nepal (SEBON) to issue 6,577,000 shares to the public, raising NPR 657,700,000 in capital. The company has appointed Nabil Investment Banking Limited as the issue manager, who will facilitate the issuance process.

The company intends to use the funds raised to develop its flagship hydropower project, which is in line with the company’s vision to provide sustainable energy solutions to the nation. The company aims to meet the increasing energy demands of the country while preserving the environment.

The company’s hydropower project is expected to have a positive impact on Nepal’s energy sector, as it will add more clean and renewable energy to the grid. The company’s innovative approach and commitment to green energy make it a vital player in the country’s energy transition.

The company has not announced the issuance date yet, but investors and stakeholders are advised to keep an eye on the latest developments of Laughing Buddha Power Nepal Limited’s journey in the hydropower sector.

You can also view all upcoming IPOs in Nepal.
Published on: Jan 19, 2024

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