Lower Mid Rawa Khola Hydropower to issue IPO Worth NPR 10 Crore
Lower Mid Rawa Khola Hydropower is preparing to issue IPO to general public, marking a significant step forward for the 4 MW hydroelectric project currently under development in the Khotang District. A share issuance agreement was formalized on 23rd Ashadh 2082, confirming the company’s plans to release 10 lakh (1 million) units of ordinary shares to the public. Priced at a face value of NPR 100 per share, the total value of this public offering is projected to be NPR 10 crore.
To oversee the public issuance process, the company has appointed RBB Merchant Banking Limited, a subsidiary of Rastriya Banijya Bank as the official issue and sales manager. This collaboration for the issuance of IPO was solidified through an agreement signed by Shambhu Prasad Ghimire, Executive Chairman of Lower Mid Rawa Khola Hydropower, and Badri Prasad Pyakurel, CEO of RBB Merchant Banking.
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