The company allocated 10 percent shares of its issued capital which is 121,868 units of shares worth Rs 12.1 million to the general public. Out of which it already issued 10 percent which is 12,186 units to foreign migrated workers, 5 percent i.e. 6,093 units to mutual fund and 2 percent i.e. 2,437 units to employees. The general public can apply for the remaining 101,151 units of shares.
Interested investors can apply for a minimum of 10 and maximum of 1,000 units of shares.
The issue will close early on July 14 and lately on July 25.
ICRA Nepal has assigned BBB- rating to the issue indicating moderate risks.
The company is developing 998 KW Suspa Bukhari KHola Small Hydropower Project in ward no 8 of Bhimeshwor Municipality of Dolakha District. The total estimated cost of the project is Rs 247.5 million and per MW estimated cost is Rs 248 million.
The payback period of the project is 9.37 years and discounted payback period is 20.10 years.
The company has appointed NMB Capital as issue manager. Investors can apply from all C-ASBA approved BFIs and Meroshare.
