The IPO initiative of Aarati Power Company Limited is currently queued in SEBON’s agenda.
The firm has forwarded a proposal to the capital market overseer to issue a total of 3,600,000 shares. This action is expected to secure Rs. 36 crores for the organization. The application was filed on Falgun 09, 2081.
Global IME Capital Limited has been designated as the issue manager for this public offering.
CARE Ratings Nepal Limited (CRNL) has given Aarati Power Company Limited an issuer rating of `CARE-NP BB- (Is)’. Entities possessing this rating are viewed as presenting a moderate risk of default in relation to the timely fulfillment of financial commitments in Nepal.
Established on January 13, 2016, Aarati Power Company Limited is engaged in the development of a 14.5 MW run-of-river Upper Irkhuwa Khola Hydropower Project located in Bhojpur District of Nepal. This project is developed under the BOOT (Build, Own, Operate, and Transfer) model.
