IPO of Mandu Hydropower Limited Added in SEBON Pipeline; Company to Issue IPO at Premium Price of Rs. 148

Initial Public Offering (IPO) of Mandu Hydropower Limited have been added to SEBON’s IPO pipeline for approval.

The company is seeking to issue 1,636,370 unit shares to project-affected locals and the general public at a premium price of Rs. 248 per share (Rs 100 face value + Rs 148 premium price). The IPO issue will raise a total of Rs. 405,819,760.

Likewise, Prabhu Capital Capital has been appointed as the issue manager for the IPO issuance.

About the Company:

Mandu Hydropower Limited was incorporated on April 15, 2012. As of 2022, the major promoters included Sichuan Hechuan Investment Co. Ltd. (49%), a Chinese company and Mr. Maheshwor Prakash Shrestha (11%), M/s. Himalayan Infrastructure Ltd. (9%), Mr. Rijan Shrestha (6%), Mr. Binod Kumar Shrestha (5%)., Mr. Prithvi Bahadur Pande (4%), M/s. Lotus Investment Pvt. Ltd. (4%), Ms. Pratima Pande (2%), Mr. Shivanth Bahadur Pande (2%), and Ms. Sophia Pande (2%).

Likewise, ICRA Nepal has assigned an issuer rating of BBB to Mandu Hydropower Limited.