Bindhyabasini Hydropower to float IPO – appoints Sanima capital as issue manager.
Bindhyabasini Hydropower Development Company Limited has appointed Sanima Capital as its issue manager for IPO and share registrar.
The company is set to float initial public offering (IPO) of 25 lakh units to locals & general public. The company will issue 10 lakh units to local people of projected areas & 15 lakh units to general public.
The agreement paper was signed by CEO of Sanima Capital, Mr. Manish Narayan Joshi and director of Bindhyabasini Hydropowe, Mr Bharat Bahadur Pandey.
Bindhyabasini hydropower company has been constructing 8.8 MW Rudi ‘A’ hydropower project in Rudikhola in the border of Lamjung and Kaski district. The company’s next project Rudi ‘B’ has been 50% completed.
