Union Mewa Hydro Limited is planning to issue an IPO of 3,538,605 ordinary shares worth Rs. 35.38 crore to the general public at a nominal price of Rs. 100 per share.
For its Upcoming IPO issuance, Laxmi Sunrise Capital Limited has been appointed as the issue manager. The agreement was signed between Mr. Bijaya Lal Shrestha, CEO of Laxmi Sunrise Capital, and Mr. Kiran Malla, President of Union Mewa Hydro.
About the company:
Union Hydropower Limited (UNHPL), founded in 2007 and public since 2016, operates the 3 MW Midim Khola Hydropower Project in Lamjung, contributing to Nepal’s energy needs since 2018. Partnering with Hydro Consult Engineering, Sanima Hydro & Engineering, and Qiankang Allonward, ensures quality execution. UNHPL is developing projects like Upper Tamor A and Hongu Khola, aiming for sustainable energy growth. With a market cap of Rs. 2.18 billion, it prioritizes strategic investments and robust engineering.
Union Mewa Hydro is developing the 23 MW Mewa Khola Hydropower Project in Mikwa Khola village, Taplejung. Construction progress has reached approximately 35%.