Vikas Hydropower Ltd to Issue Over 4.4 Million IPO Shares

Vikas Hydropower Company Limited is set to issue 4,454,596 units of Initial Public Offering (IPO) shares to the general public. The company has received approval from the Securities Board of Nepal (SEBON) for the issuance. SEBON granted the approval on Falgun 15, and the shares will be issued at a face value of NPR 100 per unit.

Prabhu Capital Limited has been appointed as the issue and sales manager for the IPO. The company is expected to soon announce the opening date, application process, and other related details. Through this IPO, Vikas Hydropower aims to raise capital to fund its hydropower projects and strengthen its financial position for future expansion.