Ingwa Hydropower Limited is a hydropower company in Nepal that intends to raise funds for its projects through an Initial Public Offering (IPO). The company has applied to the Securities Board of Nepal (SEBON) for permission to sell its shares to the public, and Nepal SBI Merchant Banking Limited has been appointed as the issue and sales manager. When SEBON approves, the company will sell 18 lakh shares in the IPO at Rs 100 per share, for a total of Rs 18 crores. The company will sell shares to residents of project-affected areas in the first phase of the IPO and then to the general public in the second phase.
Ingwa Hydropower Limited is building a 9.7 MW Upper Ingwa Khola Hydropower Project in Taplejung for Rs 1.95 Arba. The project will be funded by a loan of Rs 1.46 Arba from the Bank of Kathmandu.
Information about Ingwa Hydropower Limited
Ingwa Hydropower Limited is a hydropower company in Nepal that is involved in the development and operation of hydropower projects in the country. The company was established in 2018 and is headquartered in Kathmandu, Nepal.
Ingwa Hydropower Limited is currently working on the development of a 9.7 MW Upper Ingwa Khola Hydropower Project in Taplejung, Nepal. The project has an estimated cost of Rs 1.95 Arba and is being funded in part by a loan financing of Rs 1.46 Arba from the Bank of Kathmandu.
In addition to its hydropower projects, Ingwa Hydropower Limited is also involved in the generation and sale of electricity in Nepal. The company is committed to providing reliable and sustainable energy solutions to its customers and is committed to minimizing its impact on the environment.
Ingwa Hydropower Limited is a public company and has plans to issue an Initial Public Offering (IPO) in the future in order to raise funds for its projects. The company has applied to the Securities Board Of Nepal (SEBON) for permission to sell its shares to the public and has appointed Nepal SBI Merchant Banking Limited as the issue and sales manager. If approved by SEBON, the company will sell 18 lakh shares in the IPO at face value of Rs 100, for a total of Rs 18 crores. In the first phase of the IPO, the company will sell shares to the locals of the project-affected areas and then to the general public in the second phase.
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