SHPL Hydropower Gets SEBON’s Nod for NPR 2 Billion IPO

GP Chudal
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SHPL Hydropower

SHPL Hydropower Gets SEBON’s Nod for NPR 2 Billion IPO

SHPL Hydropower, a leading hydropower company in Nepal, has secured approval from the Securities Board of Nepal (SEBON) to issue 20,000,000 shares to the public, raising NPR 2,000,000,000 in capital. This is a significant achievement for the company, which demonstrates its dedication to the hydropower sector and renewable energy solutions.

The company has appointed Nabil Investment Banking Limited as the issue manager, who will oversee the issuance process. The company plans to use the funds raised to develop its existing hydropower projects and pursue new opportunities in the sector.

The company is known for its innovative approach to hydropower, which aligns with the country’s goal of increasing its energy security and reducing its carbon footprint. Investors and stakeholders are advised to keep an eye on the company’s progress and potential in the hydropower sector.

The company has not announced the issuance date yet, but stay tuned for more updates as SHPL Hydropower embarks on this transformative journey in the hydropower landscape, shaping the future of renewable energy in Nepal.

You can also view all upcoming IPOs in Nepal.

Suggested: Everything you need to know about IPO in Nepal.
Published on: Jan 19, 2024

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