Bindhyabasini Hydropower to float IPO for locals & general public; Appoints Sanima Capital as the issue manager and share registrar for the issue of 25 lakh unit shares

Bindhyabasini Hydropower Development Company Limited has appointed Sanima Capital as its issue manager and share registrar.

The hydropower company is all set to issue 25 lakh unit shares for the locals of the project affected area and for the general public.

CEO of Sanima Capital, Mr Manish Narayan Joshi and Director of Bindhyabasini Hydropower, Mr Bharat Bahadur Pandey had signed on the agreement.

The company will be issuing 10 lakh unit shares for the locals of project affected area and 15 lakh unit shares for the general public.

The hydropower company has been constructing a 8.8 MW Rudi ‘A’ hydropower project in Rudikhola which lies in the border of Lamjung and Kaski district. The company is also constructing Rudi ‘B’ project which has been 50% completed.