IPO Proposals of Dolti Power Company and Bhugol Energy Development Company Finally Approved by SEBON

The Securities Exchange Board of Nepal (SEBON) has approved Dolti Power Company Limited and Bhugol Energy Development Company Limited’s proposed initial public offering (IPO). On Magh 16, both proposals were approved.

Dolti Power Company will now issue 1,609,458 equity shares with NPR 100 par value each. The issue is worth Rs. 16.09 crore. This is equivalent to 30% of the company’s issued capital. The company’s total paid-up capital after the IPO allotment would be Rs 53.64 crore.