The company is issuing the ordinary shares at Rs 206 including face value of Rs 100 and premium of Rs 106.
The company is issuing 1,306,306 units of share including 79,030 units unsubscribed units from the issue issued to locals of affected area. Out of the total offered units, the company has allocated 28,853 units to employees and 72,133 units to mutual funds. The general investors can apply for the remaining 1,205,320 units.
Interested investors can apply for a minimum of 10 and maximum of 50,000 units of shares.
ICRA Nepal has assigned BBB- rating to the issuer indicating moderate risks.
The company is promoting 22 MW Bagmati Small Hydropower Project with an total cost of Rs 4.01 billion and per MW cost of Rs 187.7 million.
The payback period of the project is 11.96 years and discounted payback period of 13.96 years. Its license period end in 26 years and 3 months.
The company has appointed Prabhu Capital as issue manager. Interested investors can apply from all C-ASBA approved BFIs and Meroshare.
