Finally Approved the IPO Proposal of Sanima Middle Tamor Hydropower Limited from SEBON on 7th Poush 2079.
The proposed initial public offering (IPO) of Sanima Middle Tamor Hydropower Limited on 7 Poush 2079, has approved by the Securities Exchange Board of Nepal (SEBON).
In order to raise Rs. 83.31 crores, SMTHL will now issue 8,331,250 unit shares with Rs. 100 nominal value. That is a quarter of the issued capital. After the IPO allocation, the company’s total paid-up capital will be Rs 3.3325 Arba. Sanima Capital Limited is the Issue Manager of this IPO.
About the Company
Sanima Middle Tamor Hydro Power Ltd (SMTHL) was established on May 5, 2016, and is a public limited company. The Middle Tamor Hydropower Project, a 73 MW run-of-river hydropower project in the Taplejung district of Nepal. Is being promot with individual promoters from various backgrounds, institutional investors primarily connect to the Sanima Hydro group. And other institutes, including banks and insurance companies. The Build, Own, Operate, and Transfer (BOOT) system is use for the project’s construction.
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