SEBON Approves IPO of Himalaya Urja

Feb 05, 2019 Merolagani

Securities Board of Nepal (SEBON) has approved IPO of Himalaya Urja BIkas Company (HUBCL). Himalaya Urja sought IPO approval for the issuance of 148.5 million units of shares to be issued to the general public.  

Following the approval, the company will issue 148.5 million units of shares at a face value of Rs 100. Nabil Investment Banking has been appointed as an issue manager by the company.

The company has already issue the first phase IPO to the locals of affected area. It issued 990,000 units of shares worth Rs 99 million to the locals of affected area of Ramechap and Dolakha.

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