Fedikholaa Hydropower Company is set to issue 1,760,000 ordinary shares to the general public. The company has appointed NMB Capital Limited as the issue and sales manager for the IPO.
The company’s authorized and issued capital stands at NPR 800 million. Of this, the company plans to issue ordinary shares worth NPR 176 million — equivalent to 22% of its issued capital — at a par value of NPR 100 per share.
The IPO will be offered to project-affected local residents, Nepalis working abroad, mutual funds, company employees, and the general public.
The agreement for the IPO management was signed by the company’s Managing Director, Prakash Chandra Dulal, and NMB Capital’s CEO, Dipesh Kumar Vaidya. The 4.3 MW hydropower project is under construction on the Fedikholaa (Thumlung) River at Salpasilichho Rural Municipality–6 in Bhojpur district.
The total estimated cost of the project is around NPR 940 million. Dulal stated that approximately 85% of the construction work has already been completed, and the project is targeted to be finished by Magh 2082.
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