11.76 Lakh IPO Shares of Richet Jalbidhyut Company Added in SEBON's Pipeline

The IPO proposal of Richet Jalbidhyut Company Limited is in SEBON's pipeline.

The company has submitted a proposal to the capital market regulator to issue a total of 1,176,450 shares. This will raise Rs. 11.76 crores for the company. The application was submitted on Bhadra 29, 2080.

NIMB Ace Capital Limited has been appointed the issue manager for the public offering.

CARE Ratings Nepal Limited (CRNL) has assigned an issuer rating of ‘CARE-NP BB+ (Is)’ to Richet Jalbidhyut Company Limited. Issuers with this rating are considered to offer moderate risk of default regarding timely servicing of financial obligations, in Nepal.

Richet Jalbidhyut Company Private Limited is a private limited company, incorporated on March 26, 2014. The company is involved in the operation of the 4.98 MW run-of-the-river Richet Khola Small Hydroelectric Project in Gorkha District which has been in commercial operation since August 12, 2021. The project is constructed under the BOOT (Build, Own, Operate, and Transfer) mechanism.