Aarti Power Company Limited has signed an agreement with Global IME Capital Limited on Bhadra 6, 2081, appointing Global IME Capital as the issue mana
Aarti Power Company Limited has signed an agreement with Global IME Capital Limited on Bhadra 6, 2081, appointing Global IME Capital as the issue manager for its upcoming IPO. Following this agreement, SEBON will review the company’s documents to decide whether to approve or reject the IPO application.
The company plans to raise Rs. 36 crores by offering 360,000 ordinary shares to the public at Rs. 100 per share.
Key Details:
- Total Shares Offered: 360,000
- Price Per Share: Rs. 100
- Issue Manager: Global IME Capital Limited
- IPO Status: Awaiting approval
- Project Completion Status: 60% completed
- Company’s Total Capital: Rs. 1.40 billion
The IPO will be launched in two phases:
- The first phase will be open to residents of the project’s location and Nepali citizens working abroad.
- The second phase will be open to the general public, including the company’s employees and mutual fund schemes.
Company Overview:
Aarti Power Company was a private company founded on Poush 29, 2072, and became public in 2080. The company is working on a 14.5 MW hydropower project at Upper Irkhuwa Khola in the Bhojpur District of Koshi Province.
The project, which is 60% complete as of March 2024, is financed with an equity ratio of 63:37. The company has a total capital of Rs. 1.40 billion and plans to connect the project to the national transmission line soon. The project is backed by experienced investors from various sectors, including hydropower.
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