The company allotted 10 million units of shares to the locals of affected area after completing allotment to foreign migrated workers.
After this, Solu Hydropower will issue 8.2 million units of shares to the general public on January 13. The company has also allocated 500,000 units to mutual funds and 300,000 for the employees.
Interested investors can apply for a minimum of 10 and maximum of 100,000 units of shares. The issue will close early on January 18 and lately on January 28.
Infomerics Credit Rating Nepal has assigned BB rating to the issuer indicating moderate risks.
The company is developing 82MW Lower Solu Jalvidhyut Aayojana at an estimated total cost of Rs 16.30 billion. The estimated per MW cost is Rs 198.8 million. The licensed period of the project is 25 years. The payback period of the project is 7.68 years and discounted payback period is 12.09 years.
The company has appointed Nabil Banking Investment as issue manager. The investors can apply from all C-ASBA approved BFIs and Meroshare.
