Upper Syange Hydropower Ltd. (USHL) is issuing an Initial Public Offering (IPO) of 2,000,000 shares. The issue opens on June 25, 2023 and closes on June 28, 2023.
USHL is a hydropower company that is developing the Upper Syange Khola Hydropower Project in Lamjung district, Nepal. The project has a capacity of 2400 kW and is expected to generate an annual revenue of NPR 1.2 billion.
The IPO is being managed by Siddhartha Capital Limited. Investors can apply for the IPO through any of the following banks and financial institutions:
- Bank of Kathmandu
- Nepal Investment Bank
- Everest Bank
- NIC Asia Bank
- Himalayan Bank
- Prabhu Bank
- Siddhartha Bank
- Standard Chartered Bank
- Global IME Bank
The minimum investment amount is 100 shares, which is equivalent to NPR 15,000-16,000.
The IPO is a good opportunity for investors to participate in the development of Nepal’s hydropower sector. The project is expected to generate significant revenue and profits for USHL, which will benefit shareholders.
Here are some additional details about the IPO:
- Issue size: 2,000,000 shares
- IPO price range: NPR 150-160 per share
- Issue opening date: June 25, 2023
- Issue closing date: June 28, 2023
- Managing agent: Siddhartha Capital Limited
- Participating banks and financial institutions: Bank of Kathmandu, Nepal Investment Bank, Everest Bank, NIC Asia Bank, Himalayan Bank, Prabhu Bank, Siddhartha Bank, Standard Chartered Bank, Global IME Bank