Lower Erkhuwa Khola Hydropower appoints Jyoti Capital as its Underwriter

Lower Erkhuwa Khola Hydropower is going to issue IPO for general public at a par value of Rs 100 with 28,05,750 units of shares having total of Rs 28,05,75,000 (twenty-eight crore five hundred seventy-five thousand rupees only). Jyoti Capital Limited is appointed as Underwriter.

On Tuesday, the agreement between Capital and Hydropower is signed. At registered office of Lower Erkhuwa Khola Hydropower Limited, Anamnagar, Kathmandu, a signing ceremony is organized where the agreement is signed between the CEO Mr Bikash Dhakal on behalf of Capital and managing director Mr Bishweswar Subedi on behalf of hydropower.

Jyoti Capital is a subsidiary of Jyoti Bikas Bank having paid-up capital of Rs 21 crores. With the desire to be a companion to the prosperity of every customer, Capital has obtained permission to act as a merchant banker in the Nepal Securities Ward and is providing investment management services, institutional consulting, and securities underwriting services.