Now the issue will close on February 15. Previously, the IPO deadline was on February 14.
The company is issuing 24.71 percent ordinary shares of its paid-up capital of Rs 340 million from December 13. The company is issuing 840,000 units of shares in the general public. Out of which it issued 84,000 to foreign migrated workers, 42,000 to mutual funds and 16,800 units to mutual funds. The general public can apply for the remaining 697,200 units.
The interested investors can apply for a minimum of 10 and maximum of 20,000 units of shares.
Care ratings has assigned BB rating to the issue indicated moderate risk.
The company is issuing 6.2 MW Jogmai Khola Hydropower Project from November 1, 2021. The total cost of the project is Rs 1.39 billion. The per MW cost of the project is 291.5 million. The payback period of the company is remained at 7.09 years while the discounted payback period is 11.83 years.
The company has appointed NMB Capital as its issue manager. The interested investors can apply from all C-ASBA approved BFIs and meroshare software and mobile app.
