With the approval, the hydropower company will be issuing 5,40,000 unit shares to general public at par value of Rs. 100 per share.
Global IME Capital Limited is the assigned issue manager for this public offering.
Chhyangdi hydropower had already allotted the shares to the project affected locals of Lamjung districts. The company had allotted 2,70,000 lakh unit shares to 4,363 local investors on 9th Falgun, 2073.
The hydropower company has a paid up capital of Rs. 21.6 crores. Issuance of proposed IPO shares will increase its paid up capital to Rs. 27 crores with promoter to public shareholding structure at 70:30.
The company has established a 2MW hydropower project in Chhandi Khola of Lamjung district, Faleni-Wansar.
