Upper Solu Hydro Electric Company has submitted an application to SEBON to issue an IPO.

The IPO will be issued in two phases; first to the locals and then to the general public. The hydropower company submitted its application to SEBON on Chaitra 16 this year.

A total of 33,07,500 shares will be issued. NMB Capital is the issue manager for the IPO. The regulatory board SEBON is yet to give its comments on the hydropower company’s application.