Mountain Hydro
Mountain Hydro has sought SEBON approval for the issuance of 1,816,110 units of shares worth Rs 181.6 million. Earlier, the company issued 1,250,000 units of shares worth Rs 125 million to locals of affected area on July 6.
The issue was undersubscribed by 566,110 units of shares which are being added to the upcoming IPO. The company has appointed Siddhartha Capital as its issue manager.
Union Hydropower
Similarly, Union Hydropower is set to issue 3,534,340 units of shares worth Rs 353.4 million after obtaining SEBON approval.
The company issued 750,000 units of shares worth Rs 75 million to locals of affected area from July 30-August 28 in the first phase. The IPO was undersubscribed by 621,790 units of shares that are being added to the upcoming IPO.
The company has appointed Laxmi Capital as its issue manager.