The company is issuing 1.449.400 units of shares having a face value of Rs 100. Out of the total offered units, the company has allocated 80,070 units to mutual funds and 32,028 units for employees. The remaining 1,337,302 units will be issued to the general public.
The interested investors can apply for a minimum of 10 and maximum of 10,000 units. The issue will close early on April 5 and lately on April 16.
Care Ratings Nepal has assigned BB rating to the issue indicating average risks.
The company has appointed Prabhu Capital as its issue manager. The investors can apply from all C-ASBA approved BFIs.
The company is developing 6.4 MW Suri Khola Hydropower Project. The estimated cost of the project is Rs 1.34 billion and per MW total estimated cost is Rs 192.3 million. Similarly, it is also developing 7MW Upper Suri Khola Hydropower Project with estimated cost of Rs 1.29 billion and per MW estimated cost of Rs 185 million.
The payback period of Suri Khola Hydropower is 9.15 years and discounted payback period is 17.37 billion. Similarly, the payback period of Upper Suri is 8.44 years and discounted payback period is 12.95 years.
