The Securities Board of Nepal (SEBON) has formally approved the Initial Public Offering (IPO) of Aashutosh Energy Limited under the hydropower sector today.
Under this approval, the company will issue 1,200,000 unit ordinary shares to the local residents and the general public. The shares carry a face value of NPR 100 per share, bringing the total public issue size to NPR 120,000,000, which accounts for 20.00% of the company's issued capital.
Following the public issuance, the promoter group will hold the remaining 80.00% stake comprising 4,800,000 shares valued at NPR 480,000,000. Prior to this offering, the company registered a total of 6,000,000 shares with an aggregate value of NPR 600,000,000.
NMB Capital Limited has been appointed as the issue manager to oversee the IPO process.
