December 19: Liberty Energy Company has appointed NIBL Ace Capital Limited as its issue and sales manager for the IPO issuance. The company will be issuing 3.75 million units of ordinary shares at Rs 100 per share as its initial public offering, out of which 10 percent  units will be issued to locals and  15 percent units to general public.

The managing director of Liberty Energy Company Dr Aatma Ram Ghimire and the deputy general manager of NIBL Ace Capital Limited Kabindra Dhoj Joshi signed the agreement on behalf of their respective organisations.

Liberty Energy Company Limited is building hydro project with capacity of 25 MW in Upper Dordi A located in Lamjung district. The project has completed 85 percent of its work and is expecting to complete the remaining works by the end of Chaitra 2075. The hydropower project is being funded by a loan consortium of nine banks led by Nepal Investment Bank.