Nepal Hydro Developer limited (NHDL) is preparing to offer IPO to local & general public. NMB Capital is the issue manager for the IPO.
NHDL is a company established with the main objective to promote hydropower sector of Nepal through the private investment as a part of contribution to the overall development of the country. Hydro Solutions Group, K L Dugar Group, Murarka Group , and Debenara Group are key shareholders in the company. NHDPL has developed 3.52MW Charanawoti Hydroelectrical Project, located in Dolakh District. The annual generation of energy is 20.383 GWh. The project has started commercial operation from 24th Jestha, 2070.
Kamal Nepal, an official with the NMB capital, said, “After Tihar festival, we will be applying for ICRA rating and approval from SEBON simultaneously. We are working to offer the IPO to locals by Chaitra 2072 and to general public by Baisakh 2073. Our goal is to get done with the allotment of this IPO by the end of this current fiscal year.”
Published on: The Kathmandu Post (November 17, 2015)