The company started issuing IPO to locals of affected area from July 4.
The company is issuing 10 percent ordinary shares of its issue capital worth Rs 800 million to locals of affected area. Accordingly, it will issue 800,000 units shares to locals of ward no 5,6,7 and 8 of Gaurishankar Rural Municipality, ward no 4 of Bigu Rural Municipality and ward no 3 of Kalinchowk Rural Municipality of Dolakha District.
Interested investors can apply for minimum of 10 and maximum of 100,000 units of shares.
Care Ratings has assigned BB rating to the issue indicating moderate risks.
The company is promoting 5MW Ghattekhola Hydropower Project with estimated cost of Rs 1.39 billion and per MW total estimated cost of Rs 278.7 million.
The payback period of the project is 11.57 years while the discounted payback period is 27.78 years.
The license of the project will end in 27 years and one month.
The company has appointed BOK Capital Market as issue manager. Locals of affected areas can apply from registered office of the company and designated branches of Prabhu Bank, Sindhu Bikas Bank and Nepal Investment Mega Bank as well as Gaurishankar Rural Municipality Office by paying Rs 2 per form.
