Four hydropower IPO public stock worth over Rs 13 arba Coming Soon......

Four hydropower companies being built by Nepali investors are planning to issue the Initial Public Offerings (IPOs) worth Rs 13.32 arba in near future.

Four hydropower companies led by the Chilime group are in the process of floating their IPOs worth Rs 8.13 arba and another IPO of the Upper Tamakoshi project worth Rs 5.18 arba is in the pipeline.

Upper Tamakoshi, Sangen, Rasuwagadi and Mid-Bhotekoshi are planning to set aside the primary shares worth Rs 5.67 arba to the depositors of the Employees Provident Fund, and Rs 2.71 arba to the local affected people.

They will still be issuing primary shares worth Rs 4.78 arba to the general public in the second lot of the IPO.

While Upper Tamakoshi has already initiated the process of issuing the IPO, the hydropower projects affiliated to Chilime will be initiating the process within a year.
-sharesansar