13 hydel companies in preparation to launch IPO

<p><span style="line-height: 1.42857;">Various 13 hydropower companies are to launch their initial public offerings (IPO) in the near future.</span><br></p><p><br></p><p>Of the 19 companies of different sectors that had applied to the Security Board of Nepal for IPO and Follow on Public Offer (FPO), 13 companies belong to hydropower.</p><p><br></p><p>The IPO will be allotted for local affected people and general people. The face value of each unit of IPO share has been valued at Rs 100.</p><p>Projects are bound to give 10 percent of the total units of share to local affected people to obey the laws.</p><p><br></p><p>They are Sanjen Hydropower Company Limited, a subsidiary company of Chilime Hydropower Company, Rasuwagadhi Hydropower Limited, Aakhukhola Hydropower Company Limited, Ganjyang Upatakya Hydropower Limited among others.</p>