Seed Energy Ltd has finalized an agreement with NMB Capital Limited for the management of its Initial Public Offering (IPO). This development signifies a noteworthy achievement for Seed Energy Ltd as it prepares to introduce its shares to the public. The collaboration with NMB Capital Limited, a renowned entity in issue management, is anticipated to be pivotal in ensuring the IPO’s success. This strategic partnership marks a significant advancement for Seed Energy Ltd and fosters optimism regarding the potential prosperity of the forthcoming IPO.
Tag: appoints
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Eastern Sahara Appoints Global IME Capital for 30 Lakh IPO Shares
Eastern Sahara Company Limited has chosen Global IME Capital Limited as the issue manager for its upcoming IPO of 30,00,000 units at NPR 100 each. The agreement was signed on Falgun 1, 2080, at Global IME Capital Limited’s office in Naxal, Kathmandu.
The company, established as a public company in 2079, is based in Birtamode Municipality, Jhapa, with a liaison office in Baneshwor Height, Kathmandu. It specializes in micro-capital operations, with a focus on Green Financing and investments in hydropower, agriculture tourism, automobiles, and solar energy projects. Eastern Sahara has attracted investments from notable figures in banking, cooperatives, microfinance, and hydropower sectors, with the aim of contributing to the nation’s economic growth through Green Financing.
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Dordi Khola Hydropower Taps Sanima Capital as Issue Manager for 1:1 Rights Offering
Dordi Khola Hydropower Company Limited (DORDI) has selected Sanima Capital Limited as the exclusive issue manager for its upcoming 1:1 ratio rights issue, according to an announcement from the Nepal Stock Exchange (NEPSE).
In the upcoming rights issue, the hydropower company plans to issue 10,542,604 (1:1) units of right shares, equal to 100% of its existing shares, to its current shareholders. Currently, the company’s paid-up capital stands at Rs. 1.05 Arba, and the proposed right share issuance aims to significantly boost the financial structure, bringing the paid-up capital to Rs. 2.11 Arba after the adjustment of 1.05 crores units.
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Puwa Khola-1 Hydropower Partners with LS Capital for IPO Management
Puwa Khola-1 Hydropower Limited is set to make a significant market debut by appointing LS Capital Limited as the IPO issue and sales manager for its upcoming public offering. The hydropower company plans to release 19,46,660 ordinary shares to the general public, each carrying a face value of Rs 100. The strategic move towards IPO comes on the heels of the successful completion and operation of their 4 MW hydropower project situated in the picturesque Ilam district. Managing Director Mr. Kadam KC, representing Puwa Khola-1 Hydropower, and Mr. Bijay Lal Shrestha, CEO of Laxmi Sunrise Capital Limited, officially sealed the agreement. Investors now have the opportunity to be part of this forward-looking venture, contributing to both sustainable energy development and the economic growth of the region. The collaboration with LS Capital Limited further reinforces Puwa Khola-1 Hydropower’s commitment to bringing clean energy solutions to the forefront of the market, paving the way for a greener and more sustainable future.
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Super Khudi Hydropower Taps Global IME Capital as IPO Issue Manager
Super Khudi Hydropower Limited, a pioneering venture in the renewable energy sector, has recently appointed Global IME Capital Limited as the dedicated issue and sales manager for its upcoming Initial Public Offering (IPO). The highly anticipated IPO entails the issuance of 6,975,000 ordinary shares to the general public, each with a face value of Rs 100. Spearheading this significant move is Mr. Rabi Kumar Gautam, Senior Project Manager at Super Khudi Hydropower, and Mr. Mandip Luitel, CEO of Global IME Capital, who formally sealed the agreement. With a commitment to sustainable energy solutions, Super Khudi Hydropower Limited is poised to revolutionize the hydropower landscape, offering investors an opportunity to be part of a forward-thinking enterprise dedicated to shaping a greener, more resilient future. This strategic partnership with Global IME Capital further solidifies Super Khudi Hydropower’s position as a catalyst for positive change in the renewable energy sector, promising investors a stake in a project that not only generates power but also drives environmental stewardship and economic growth.
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Lower Erkhuwa Hydropower Taps Muktinath Capital for IPO Management, Offers 21.5% of Capital to Public
Lower Erkhuwa Hydropower has enlisted Muktinath Capital Ltd. as the manager overseeing both the issuance and sales of its Initial Public Offering (IPO) shares. The company intends to release 2,805,750 ordinary shares to the general public at a face value of Rs. 100 per share, constituting 21.5% of its overall issued capital, which amounts to Rs. 1 Arba 30 crores 50 lakhs.
In formalizing this share issuance, Lower Erkhuwa Hydropower’s Managing Director, Mr. Bishweshwar Subedi, and Muktinath Capital’s Chief Executive Officer, Mr. Kabindra Dhoj Joshi, have both signed the agreement. The distribution plan involves allocating 10% (equivalent to 13,05,000 shares) for individuals affected by the project and 11.5% (equivalent to 15,00,750 shares) for the general public.
Situated in Bhojpur district, Lower Erkhuwa Hydropower Company is currently in the final stages of constructing the Lower Erkhuwa Hydroelectric Project, boasting a capacity of 14.15 megawatts. The primary promoter for this venture is the National Hydro Power Company Ltd. (NHPC). At present, the project has reached 85% completion, covering various aspects such as tunnel excavation, civil construction, procurement of electro-mechanical and hydro-mechanical equipment, as well as the establishment of transmission lines. To fund this estimated Rs. 2 Arba project, financial support has been secured through loans from Machhapuchchhre Bank Ltd., Nepal SBI Bank Ltd., and Jyoti Bikas Bank Ltd. The company’s goal is to commence commercial electricity production from this project within the current fiscal year.
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Himalayan Times Media Entertainment and Tech Ltd Appoints Muktinath Capital for 7 Lakh IPO Shares Offering
Himalayan Times Media Entertainment and Tech Ltd (HTMETL) has designated Muktinath Capital as its sales manager for the initial public offering (IPO) of ordinary shares. The agreement between HTMETL and Muktinath Capital, formalized on January 9, outlines the issuance of 700,000 units of ordinary shares valued at Rs 70 million. Each share has a face value of Rs 100 and will be made available to the general public.
Established in 2001, The Himalayan Times (THT) is a well-established English-language newspaper that achieved an A+ rating, the highest possible rank, in the Press Council Nepal’s 2018 newspaper classification report. Within a year of its launch, THT became the leading English daily in Nepal and claimed the top position in readership. Renowned for its high-quality journalism and broad appeal, particularly among the younger demographic, THT is the largest-selling English broadsheet in Nepal. The newspaper is recognized for its comprehensive coverage, analysis, and opinions on various subjects such as news, politics, business, technology, culture, lifestyle, and more. THT upholds principles of responsible journalism, supporting freedom of expression and a free press while providing a platform for marginalized voices.
HTMETL, in addition to its media ventures, organizes prestigious events in Nepal, including TGIF Nepal Fashion Week, The Himalayan Times Brandfest, and The Himalayan Times International Food Festival, with plans for more events in the pipeline. Through its website, HTMETL reaches millions of readers each month, maintaining its position as the top English news site in Nepal.
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“Sreenagar Agritech Teams Up with Nabil Investment for 13 Lakh Share IPO”
Sreenagar Agritech Industries has chosen Nabil Investment Banking to manage the release of 1.3 million shares to the public. The agreement was made official through a signing between the CEO of the bank, Mr. Manish Narayan Joshi, and the MD of the company, Mr. Satish Chand Shrestha. The company, known for its agricultural and poultry operations, is considering growth in the meat industry and adding cold storage facilities. This move comes after having a successful history in the agro-based sector.
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“Barahi Sedi Chooses NMB Capital as Issue Manager for 11.60 Lakh Unit Share Offering”
Barahi Sedi, a hotel under construction in Pokhara’s Lakeside area, has selected NMB Capital as the issue manager for its upcoming public share offering of 1.16 million ordinary shares. The agreement was formalized through a Memorandum of Understanding (MoU) signed between Mr. Dipesh Kumar Vaidya, the CEO of NMB Capital, and Mr. Biplab Paudel, the Managing Director of the hotel. The hotel is slated to be a 5-star establishment with 150 rooms, 11 service houses, and various amenities, set to launch in 2025 according to the media statement.
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“Setikhola Hydropower Appoints Kumari Capital as Issue Manager for 60 Lakh Unit Share Float; 20 MW Pokhara Project Set to Operate in 2024”
Setikhola Hydropower has selected Kumari Capital as the issue manager to issue 60 lakh unit ordinary shares to the public investors. The memorandum of understanding (MoU) was signed between the CEO of Kumari Capital, Mr. Puspa Sharma, and the chairman of Setikhola Hydropower, Mr. Anup Acharya, during a program, according to the media statement.
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“Joshi Hydropower Appoints Laxmi Capital as Issue Manager for 65% Right Share Offering”
Joshi Hydropower Development Company has chosen Laxmi Capital Market as the issue manager to handle the issuance of its right shares to current shareholders. According to a media statement, the company will be offering shares in a ratio of 1:0.65. During a program, the CEO of the merchant bank, Mr. Rajiv Sapkota, and the chairman of the hydropower company, Mr. Ganga Prasad Joshi, signed a Memorandum of Understanding (MoU) to formalize the agreement.