KATHMANDU

Lower Erkhuwa Hydropower Limited is issuing an IPO. The company plans to issue 28 lakh, 5 thousand, and 750 shares at a face value of Rs 100 per share.

Muktinath Capital has been appointed as the sales manager for the IPO. The share issuance agreement has been signed by the Managing Director of Lower Erkhuwa Hydropower, Vishweshwar Subedi, and the Chief Executive Officer of Mukti Nath Capital, Kabindra Dhoj Joshi.

Hydropower plans to allocate 10% of the issued capital, i.e., 13 lakh, 5 thousand shares, for the affected locals and 11.5%, i.e., 15 lakh, 750 shares, for the general public.