Kathmandu. Fedikhola Hydropower Company Limited is going to issue initial public offering (IPO).

The company is issuing 17,60,000 units of shares at a price of Rs 100 per share. The company is issuing 17,60,000 units of shares i.e. 22% of the issued capital of Rs 80 crore.

NMB Capital has been appointed as the issue manager for the IPO issuance. The agreement to this effect was signed by Managing Director Prakash Chandra Dulal on behalf of Phedikhola Hydropower Company and Dipesh Kumar Vaidya, Chief Executive Officer of NMB Capital.

The 4.3 MW Phedi (Thumlung) Hydropower Project is being constructed at a total cost of Rs 940 million. According to the project, around 85 percent of the construction work has been completed so far. According to Dulal, the project is expected to be completed by January 2082 and the process of issuing the project will be forwarded as soon as possible by fulfilling all the processes and requirements set by the regulatory body.