KATHMANDU: Tehrathum Hydropower Company is launching an initial public offering of 1,200,000 units (IPO).
On July 20, the company will issue 400,000 units of IPO for project-affected locals out of the total IPO.
Locals must apply for the IPO by August 3 and no later than August 18.
The Securities Board of Nepal (SEBON) has already granted the company permission to issue the IPO.
The issue manager is NIBL Ace Capital Ltd.
The hydropower company, which is located near the district headquarters of Myanglung, has been producing electricity since March 1, according to Mohan Dangi, the company’s Managing Director.