The company issued 621,172 units of ordinary shares to the general public from September 15-19.
During the issue, 1,354,846 applicants applied for 15,122,250 units of shares.
ICRA Nepal has assigned BB+ rating to the issue indicating moderate risks.
The company is promoting 9.5 MW Mid Solu Hydropower Project with total estimated cost of Rs 2.08 billion and per MW total estimated cost of Rs 219.3 million.
The payback period of the project is 6.11 years and discounted payback period is 10.87 years.
