NIMB Ace Capital Appointed Issue and Sales Manager for Shree Sasha Engineering Hydropower's IPO

NIMB Ace Capital has been appointed as the Issue and Sales Manager for the Initial Public Offering (IPO) of 2,500,000 ordinary shares of Shree Sasha Engineering Hydropower Limited, representing 20% of its issued capital.

Founded in 2007, Sasha Engineering Hydropower utilizes Khani Khola water in Dolakha for its 30-megawatt hydropower project, which is 95% complete. The company has a power purchase agreement with the Nepal Electricity Authority.

The IPO agreement was signed by Pavitra Kumar Karki, Chairman of Sasha Engineering Hydropower, and Shivant Bahadur Pande, CEO of NIMB Ace Capital, with key representatives present at the signing.