The company obtained approval to issue 5,915,000 units of shares worth Rs 591.5 million i.e. 35 percent of the issued capital of Rs 1.69 billion. Out of the offered shares, 10% of the total offered shares of the general public quota i.e. 422,500 units of shares will be issued to foreing migrated workers of nepal.
The interested applications can apply for the a minimum of 10 units and maximum 1000 units.
ICRA Nepal has assigned ICRA NP Issue Rating Double B Plus to the company. This indicates that there is an average risk to the company's ability to meet its obligations.
The total cost of the 20 MW Sangu Khola Hydropower Project is Rs 3.65 billion and the cost per megawatt is Rs 182.589 million. The electricity license of the project is remaining for 28 years. The project has a maturity of 6.09 years and a discount return period of 9.08 years. The company has been generating electricity through this project since October 10, 2082.
Similarly, the total cost of the 5.5 MW Sangu Khola-1 hydropower project is Rs 1.15 billion and the cost per megawatt is Rs 209.173 million. The electricity license of the project is remaining for 28 years. The project has a maturity period of 6.29 years and a discount period of 9.56 years. The company has been generating electricity through this project since July 22, 2082.
The company has appointed Citizens Capital as the issue manager. The foreing migrated workers can apply from all C-ASBA approved BFIs and Meroshare.
