The company already issued IPO to locals of affected areas and foreign migrated workers.
The company is issuing 39 percent shares of its issued capital worth Rs 509.8 million. Accordingly, it will issue 1,988,236 units of shares at a face value of Rs 100. Out of the total offered shares, it already issued and allotted 10 percent i.e. 198,824 units of shares to foreign migrated workers, 39,765 units to employees and 99,412 units to mutual funds. The company is issuing the remaining 1,953,279 units including the shares unsubscribed from the issue of locals of affected area.
Interested investors can apply for a minimum of 10 and maximum of 25,000 units of shares. The issue will close early on August 7 and lately on August 17.
Care Ratings Nepal has assigned BB rating to the issue indicating average risks.
The company is promoting 4MW Upper Lohare Small Hydropower Project with total estimated cost of Rs 947.2 million and per MW total estimated cost of Rs 236.8 million.
The payback period of the project is 8.22 years and discounted payback period is 17.84 years. Its license will end in 31 years.
The company has appointed NIC Asia Capital as issue manager. The interested investors can apply from all C-ASBA approved BFIs and mero share.
