The company has issued capital of Rs million 572. It is issuing 15 percent of its issued capital i.e. 858,097 units of shares at Rs 116 to the general public. Out of the total offered untis, it already issued 85,810 units to foreign migrated workers, 42,905 to mutual funds and 17,162 to employees. The general public can apply for the remaining 712,220 units.
Interested investors can apply for a minimum of 10 and maximum of 5,000 units of shares. The issue will close early on August 25 and lately on September 5.
Care Ratings Nepal has assigned BBB- rating to the issue indicating moderate risks.
The company is promoting 4.5 MW Bijaypur 1 Small Hydropower Project with total estimated cost of Rs 796.8 million and per MW total estimated cost of Rs 177 million.
The payback period of the project is 4.15 years and discounted payback period is 5.71 years. Its license will end in 22 years and 5 months.
The company has appointed Siddhartha Capital as issue manager. Interested investors can apply from all C-ASBA approved BFIs and Meroshare.
