Makar Jitumaya Suri Hydropower IPO Approved by SEBON | Upcoming IPO In 2023
Makar Jitumaya Suri Hydropower IPO Approved by SEBON | Upcoming IPO In 2023
Makar Jitumaya Suri Hydropower Ltd. (MAKAR) IPO has been approved by SEBON. The Securities Exchange Board of Nepal (SEBON) approved the IPO of Makar Jitumaya Suri Hydropower Ltd on Poush 7, 2079.
Makar Jitumaya Suri Hydropower IPO Approved by SEBON | Upcoming IPO In 2023
The company is going to issue 2,280,000 IPO shares worth Rs. 22.8 Crore to the public. This is 30% of the company’s issued capital. The total paid-up capital of the company after the IPO allotment will be Rs 76 crore. Makar jitumaya Suri Hydropower Ltd has appointed Prabhu Capital Limited as the issue manager for the IPO issuance.
Company Profile:
Makar Jitumaya Suri Hydropower Limited (MJSHL) was formed after the merger of Makar Jitumaya Hydropower Private Limited (MJHPL) with Suri Khola Hydropower Limited (SKHL). After the merger, the company was incorporated on July 15, 2021.
Makar Jitumaya Suri Hydropower Limited (MJSHL) is currently developing two under-construction hydropower projects. One of the projects is the 6.4 MW run-of-river, Suri Khola Hydropower Project (SKHP) and another one is the 7MW Upper Suri Hydropower Project (USKHP) in the Dolakha district of Nepal
CARE Ratings Nepal Limited (CRNL) has assigned the ‘CARE-NP BB [Double B]’ rating to Makar Jitumaya Suri Hydropower Limited (MJSHL).
