The IPO proposal of Tenx Hydro Holding Limited has been added to SEBON's pipeline.
Tenx Hydro Holding Limited has submitted a proposal to issue 8,00,000 shares at a par value of Rs. 100 per share. This IPO issue will generate Rs. 8 crores for the company.
Muktinath Capital Limited has been appointed as the issue manager for this issue.
It is only after approval from the regulatory board, SEBON, that the company can float the shares to the local and the general public.
CARE Ratings Nepal Limited (CRNL) has assigned the issuer rating of ‘CARE-NP BB- (Is)’ to Tenx Hydro Holding Limited (THHL). Issuers with this rating are considered to offer moderate risk of default regarding timely servicing of financial obligations, in Nepal.
Tenx Hydro Holding Limited (THHL) was incorporated on March 05, 2006 as Private Limited Company, which was later converted in Public Limited Company on 2025. THHL is operating of 0.99 MW run-of-the-river (RoR) Selang Khola Hydropower Project (SKHP) in Sindhupalchok district since August 17, 2024.
