The Securities Exchange Board of Nepal (SEBON) has approved the proposed IPO issue of Rapti Hydro and General Construction Limited.

The hydropower company had proposed to come out with an IPO to raise capital worth Rs. 29.41 Crore. The regulator then approved the IPO issue on Jestha 10.

The company will now issue 48% shares i.e. 2,941,410 equity shares at a par value NPR 100 each. Thus, the paid-up capital after the IPO will be Rs. 61.27 crores. The promoter and the public shareholding after the IPO would be 52% – 48% ratio. At present promoter has Rs 31,86,52,800 capital in the company. 

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

Rapti Hydro & General…


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