The company is issuing 859,300 units of shares including unsubscribed units from locals of affected area issue at a face value of Rs 100.
Interested investors can apply for a minimum of 10 and maximum of 100,000 units of shares.
The issue will close early on October 13 and lately on October 20.
ICRA Nepal has assigned BB- rating to the issuer indicating average risks.
The company is promoting Upper Chirkhwa Hydropower Project with a total estitmated cost of Rs 998 million and per MW total estimated cost of Rs 212.3 million.
The project’s payback period is 7.39 years and discounted payback period is 12.14 years. Its license will end after 28.8 years.
The company has appointed RBB Merchant Banking as issue manager. The investors can apply from all C-ASBA approved BFIs and Meroshare.
