The company is issuing 280,000 units of shares which is 10 percent of its issued capital to locals of affected area. The issue is applicable by all ward member of Kepilasgadhi Rural Municpality (former Fedi, Khartamcha, Baspani, Baksila, Sapteswor, Dipsung and Sungdel VDC) OF Khotang District.
Similarly, the company is issuing 56,000 units of shares which is 10 percent allocated to general public to foreign migrated workers of the country.
Interested investors can apply for a minimum of 10 and maximum of 10,000 units of shares while the foreign migrated workers can apply for maximum of 2,800 units.
The issue will close on April 20 . however, the deadline for locals of affected area might extended to May 5 if the issue goes undersubscribed.
Care Ratings Nepal has assigned BB rating to the issue indicating average risks.
The company is running 3MW Upper Rawa Khola Hydropowerr Project with a total estimated cost of Rs 646.5 million and per MW total estimated cost of Rs 215.5 million. The payback period of the project is 8.89 years and discounted payback period is 24.55 years. The license of the project will expire in 29 years.
The company has appointed Prabhu Capital as its issue manager. The interested locals can apply from project area as well as Prabhu Capital and designated branches of Century Commercial Bank. Moreover, they can apply through an online link https://ipoapply.prabhucapital.com of Prabhu Capital. the locals are required to pay Rs 2 per form.
Similarly, the foreign migrated workers can apply from all C-ABSA approved BFIs.
