Shiv Shankar Hydro to Issue 25 Lakh Units IPO; Laxmi Sunrise Capital Appointed as Manager

Laxmi Sunrise Capital Limited has been appointed as the issue and sales manager for the IPO of Shiv Shankar Hydro Investment Limited. The company plans to issue 25 lakh units of ordinary shares with a face value of Rs. 100 each, amounting to Rs. 25 Crores.

The agreement was signed by Mr. Bijay Lal Shrestha, CEO of Laxmi Sunrise Capital, and Mr. Khageshwar Bohara, Chairman of Shiv Shankar Hydro Investment, with Managing Director Mr. Dipak Raj Joshi also in attendance.

Shiv Shankar Hydro Investment Limited was formed through the merger of Shiv Shankar Investment Pvt. Ltd. and Jai Ganesh Investment Pvt. Ltd. The company focuses on investments in hydropower, infrastructure, and other productive sectors.

It has investments in operational hydropower companies, including Sanigad Hydro (38.46 MW), Kalanga Hydro (15.33 MW), Bungad Hydro (10.7 MW), and Vision Energy & Power (57.5 MW). Following the IPO, the company's paid-up capital will reach Rs. 1.05 Arba.