Two hydropower companies, White Lotus Power Limited and Vision Energy & Power Limited, have submitted applications to the Securities Board of Nepal (SEBON) seeking approval to issue their Initial Public Offerings (IPOs).
White Lotus Power submitted its application on Asar 31. The company plans to issue 12 lakh 19 thousand shares, equivalent to a total value of Rs. 12 crore 19 lakh. Nepal SBI Merchant Banking has been appointed as the issue manager. White Lotus is currently constructing the 6.82 MW Hidi Khola Hydropower Project in Lamjung.
Similarly, Vision Energy & Power Limited filed its IPO application on Asar 30. The company aims to issue 83 lakh shares, worth Rs. 83 crore. NIMB S Capital has been designated as the issue manager. Vision Energy is in the final stage of constructing the 57.5 MW Nupche Likhu Hydropower Project located in Ramechhap, according to the company.
Both companies will proceed with the IPO issuance process upon receiving approval from SEBON.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
