Super Hewa Power IPO Guarantee Deal

Kathmandu — Super Hewa Power Company Limited has signed an agreement for issue management guarantee in preparation for issuing an Initial Public Offering (IPO) to the general public. The company plans to issue 1.925 million ordinary shares worth NPR 192.5 million and has appointed Muktinath Capital Limited as the issue management guarantor. The agreement was signed by Chairman Harka Bahadur Tamang on behalf of the company and Chief Executive Officer Kabindra Dhwaj Joshi on behalf of Muktinath Capital. The company is currently developing a 6 MW hydropower project utilizing the water of the Hewa River located in Chainpur Municipality–4 of Sankhuwasabha district, which is expected to make a significant contribution to local and national electricity supply upon completion.