SEBON Approves IPO of Mountain Hydro

Feb 17, 2019 Merolagani

Securities Board of Nepal (SEBON) has approved initial public offering (IPO) of Mountain Hydro Nepal (MTHNL) worth Rs 181.6 million.

The company is set to issue 1,816,110 units of shares at a face value of Rs 100. The hydro company has already issued IPO to locals of the affected area.

The upcoming IPO will also include shares that went unsubscribed in the first phase IPO. Earlier, the company issued 1,250,000 units of shares to locals of the affected area. Out of which 566,110 units of shares were unsubscribed.

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