The company is issuing 15 percent of ordinary shares of its issued capital to the the general public. Out of it the company issued 10 percent which is 150,000 units of shares to foreign migrated workers and allocated 75,000 units to mutual funds.
Now the company is issuing the remaiing 1,284,200 units including 9,200 units unsubscribed units from locals of affected area to the general public
The interested investors can apply for a minimum of 10 and maximum of 10,000 units of shares. The issue will close early on October 9 and lately on October 19.
Care Ratings has assigned BB rating to the issuer indicating moderate debt risks.
The company is promoting 14.3 MW Upper Mailung Khola Hydropower Project with total estimated cost of Rs 2.50 billion and per MW estimated cost of Rs 174.8 million.
The payback period of the project is 7.40 years while the discounted payback period is 12.76 years.
The company has appointed Sanima Capital as issue manager. The investors can apply from all C-ASBA approved BFIs and Meroshare.
