Gaurishankar Power Development Limited IPO is moving forward as the company prepares to issue 20% of its total capital in the form of public shares. This marks a significant shift in the hydropower company’s strategy, as it aims to attract new investment through the capital market. A Special General Meeting (SGM) has been scheduled for Shrawan 9 at 11 AM at the company’s headquarters, following the board’s approval of the decision on Ashadh 25.
During the SGM, shareholders will vote on a special resolution to approve the IPO plan. They will also discuss how the funds raised from the IPO will be used to support future development and operational improvements. In addition, the company will seek approval for updates to its Memorandum and Articles of Association to ensure alignment with regulatory standards and improved operations.
The Gaurishankar Power Development Limited IPO reflects the company’s commitment to building transparency, strengthening governance, and expanding its market access. The board of directors is expected to receive the authority to make additional changes required by regulatory bodies such as the Securities Board of Nepal (SEBON).
This move is a key milestone for the company as it aims to diversify its shareholder base and contribute significantly to Nepal’s hydropower growth. With this public offering, Gaurishankar Power Development Limited hopes to tap into broader capital markets while continuing its role in Nepal’s renewable energy infrastructure development.
Overall, the Gaurishankar Power Development Limited IPO is a strategic step toward accelerating growth, ensuring sustainable energy investment, and supporting the country’s long-term goal of energy independence.
