IPO Approved by SEBON: Swetganga Hydropower and Construction (SWET) to Issue 3,982,500 Shares – |

The Securities Exchange Board of Nepal (SEBON) has approved the proposed IPO issue of Swetganga Hydropower and Construction Limited  (SWET).

The hydropower company had proposed to come out with an IPO to raise capital worth Rs. 39.82 Crore. The regulator then approved the IPO issue on Jestha 11.

The company will now issue 25% shares i.e. 3,982,500 equity shares at a par value NPR 100 each. Thus, the paid-up capital after the IPO will be Rs. 1.59 Arba. The promoter and the public shareholding after the IPO would be 75% – 25% ratio. At present promoter has Rs. 1,19,47,50,000 capital in the company.

Sanima Capital Limited has been appointed as the issue manager for the proposed IPO issuance.

Swet Ganga Hydropower…