NIBL Ace Capital Limited and Simkosh Hydropower Private Limited have Signed a Roadmap for an IPO Agreement for Institutional Consulting Services

NIBL Ace Capital Limited and Simkosh Hydropower Private Limited sign a Roadmap for an IPO (Pre and After IPO services comprising Financial Closing and Equity Raising) agreement.

In order to assist companies in navigating the difficulties involved in drafting an IPO registration statement and ultimately going public, this Roadmap tackles financial reporting, accounting, and auditing aspects.

Mr. Surya Prasad Adhikari, Managing Director, signed the contract on behalf of Simkosh Hydropower Company Limited, and Mr. Sachindra Dhungana, Deputy General Manager, signed it on behalf of NIBL Ace Capital Ltd. During the occasion Mr. Bhuvan Raj Pant, Head of Institutional Consultancy at NIBL Ace Capital Limited was also present.

Simkosh Khola Hydropower Project is run by Simkosh Hydropower Private Limited with the intention of supplying clean and renewable electricity to Nepal. This project has a 3.45 Megawatt capacity. This company is preparing for a public offering to the general public after converting from a private limited company to a public limited company.

According to the terms of the agreement, NIBL Ace Capital Limited will offer institutional consulting services to Simkosh Hydropower Company prior to and throughout the issuance of public shares in order to develop a business plan (Business Plan: Bankable Documents of the Project), raise money (Equity Raising), and manage debt between financial institutions and businessmen. The company will offer consulting and mediation services for all essential preliminary work during the first phase. In the event that shares must be issued to the general public, the company will also offer all necessary services for the management of the issuance and sale of the shares.