Habitat Power Company Appoints Muktinath Capital as Issue Manager for IPO Issue

Habitat Power Company Limited, with Singati Hydro Energy Ltd. as the lead promoter, is raising funds by issuing 11,00,000 ordinary shares at Rs. 100 each, totaling Rs. 55 crores.

Muktinath Capital Limited has been appointed as the Securities Issuance and Sales Manager.

The share issuance will allocate 10% (5,50,000 shares) to residents of project-affected areas and the remaining 10% (5,50,000 shares) to the general public.

The agreement for this issuance was signed by Mr. Batu Lamichhane, Executive Chairman of Habitat Power Company, and Mr. Kabindra Dhoj Joshi, CEO of Muktinath Capital.

The Hewakhola Small Hydropower Project, located in Panchthar District, is 70% complete, with construction expected to finish by the end of Chaitra this year, for Rs. 19 crore.