Machhapuchchhre Capital Limited and Sumnima Hydropower Company Limited have signed an agreement on 2082/07/02 for institutional advisory, issuance, and sales management of Sumnima Hydropower’s Initial Public Offering (IPO). Under this agreement, Sumnima Hydropower will issue 20% of its ordinary shares to the public.

Machhapuchchhre Capital has been appointed as the institutional advisor and issue manager for the offering.

The agreement was signed by Machhapuchchhre Capital CEO Upendra Malakar and Sumnima Hydropower Chairperson Ashish Subedi. Sumnima Hydropower is currently constructing the Upper Pikhwa Hydropower Project, a 4.9 MW initiative based on the Pikhwa River in Bhojpur.

Machhapuchchhre Capital, a subsidiary of Machhapuchchhre Bank, offers a wide range of capital market services, including securities issuance, investment management, and advisory solutions.