Garjang Upatyaka Hydropower Limited is preparing to issue its Initial Public Offering (IPO) worth Rs 10 crore, inviting the general public to become shareholders in the company. A total of 10,00,000 units of ordinary shares will be offered, each at a face value of Rs 100.
IPO represents 20% of the company’s capital
The public issue accounts for 20% of Garjang Upatyaka Hydropower’s total paid-up capital, which stands at Rs 50 crore. The company plans to utilize the raised capital to support its hydropower development projects and strengthen its financial base.
Issue manager ?
Muktinath Capital appointed as issue manager. Muktinath Capital Limited, one of Nepal’s leading merchant banks, has been appointed as the official issue manager. The firm will handle the entire IPO process, from application collection to share allotment and distribution.
A new opportunity in Nepal’s hydropower sector
With increasing focus on renewable energy and Nepal’s hydropower potential, the IPO is expected to attract strong interest from both retail and institutional investors. This offering allows the public to participate in the future growth of the hydropower industry.
