Laxmi Sunrise Capital Ltd. (LS Capital) has been appointed to manage the upcoming initial public offering (IPO) for Moonlight Hydropower Company Limited. This IPO will introduce 17,610,050 shares to the public market, with LS Capital overseeing the issuance process to ensure it proceeds smoothly and aligns with regulatory requirements. This partnership positions LS Capital as the official issue manager responsible for coordinating the offering and supporting Moonlight Hydropower in reaching potential investors.
A formal agreement was signed by Mr. Bijaya Lal Shrestha, CEO of LS Capital, and Mr. Ananta Karki, CEO of Moonlight Hydropower, to facilitate efficient management of the IPO. Moonlight Hydropower is currently advancing the 22.14 MW Balephi A Hydropower Project, which has reached 70% completion. This collaboration seeks to ensure a seamless and successful IPO process.
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About: Moonlight Hydropower
Moonlight Hydropower Company Limited, established in 2006, is a Nepalese company developing the 22.14 MW Balephi-A Hydropower Project, which is currently 70% complete. The project, with a total cost of Rs. 4.84 billion, aims to generate 58.15 GWh annually. For its upcoming IPO, the company has appointed Laxmi Sunrise Capital as the issue manager, with plans to issue 17,610,050 shares, initially targeting locals in affected areas and Nepalis working abroad.
