Joshi Hydropower to issue IPO worth Rs. 16.90 crore for general public. The company had added 6,90,470 unit shares in SEBON IPO pipeline for approval.
Siddhartha capital Limited has been appointed as issue manager for IPO.
The hydropower had issued 3,71,400 unit shares for the locals of Ilam municipality from 08 jestha 2075 where 2,42,010 units were unsubscribed.
Presently, Joshi Hydropower operating 3000 KW Upper Puwa-1 HEP in Mahjuwa VDC in Illam. ICRA Nepal has graded 5 to this IPO which indicates poor fundamental.
