Finally Approved the IPO Proposal of Makar Jitumaya Suri Hydropower from SEBON on 7th Poush 2079. The proposed initial public offering (IPO) of Makar Jitumaya Suri Hydropower Ltd. on Poush 7, 2079, has approve by the Securities Exchange Board of Nepal (SEBON).
At a par value of NPR 100 per share, Makar Jitumaya Suri Hydropower Ltd (MAKAR) will now issue 2,280,000 equity shares. The issuance is worth Rs. 22.8 Crore. This represents 30% of the outstanding capital of the corporation. After the IPO allocation, the company’s total paid-up capital will be Rs 76 crore. The company choose Prabhu Capital Limited as the issue manager of this initial public offering (IPO).
About the Company
After the merging of MJHPL and Suri Khola Hydropower Limited, Makar (MJSHL) was established on July 15, 2021. (SKHL). The combined company is currently working on two hydropower projects in Nepal’s Dolakha region, namely the 6.4 MW run-of-river Suri Khola Hydropower Project (SKHP) and the 7 MW Upper Suri Hydropower Project (USKHP). The long-term bank facilities of Makar Jitumaya Suri Hydropower Limited have a rate of “CARE-NP BB [Double B]” by CARE Ratings Nepal Limited (CRNL) (MJSHL).
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