S.K. Energy Development appoints Sanima Capital as issue manager for IPO

KATHMANDU: S.K. Energy Development Limited has appointed Sanima Capital Limited as the issue and sales manager to issue 2,080,000 units of ordinary shares with a face value of Rs 100 per share.

The total public offering amounts to Rs 2.08 billion.

In this regard, Chair of S.K. Energy Development Limited, Mr. Bir Bahadur Rai, and Chief Executive Officer of Sanima Capital Limited, Mr. Bhishma Raj Chalise, signed the agreement.

S.K. Energy Development Limited is currently constructing the 7.2 MW Shyam Khola Hydropower Project, utilizing the water flow of Shyam Khola in Shadanand Municipality, Bhojpur district.