The company is issuing 2,075,285 units of shares including 487,910 units unsubscribed units from the issue to locals of affected area.
Interested investors can apply for a minimum of 10 and maximum of 380,000 units of shares.
The issue will close early on November 6 and lately on November 17.
Informatics Credit Rating Nepal has assigned BB rating to the issuer indicating moderate risks.
The company is promoting 25 MW Seti River Hydropower Project which has a total estimated cost of Rs 5.20 billion and per MW total estimated cost of Rs 208 million.
The payback period of the project is 7.46 years and discounted payback period is 12.14 years. Its license will end in 33 years.
The company has appointed Muktinath Capital as issue manager. Interested investors can apply from all C-ASBA approved BFIs and Meroshare.
