Bikash Hydropower Limited’s IPO, open for the general public since Asar 18, concludes today, Asar 22. The company is issuing over 29.42 lakh shares to general investors out of a total 44.54 lakh public issue.
Bikash Hydropower Limited has set today, Asar 22, as the final day for the general public to apply for its Initial Public Offering (IPO), which opened on Asar 18. Prior to this, the company had already issued and allotted shares to project-affected locals and Nepalis working abroad.
Out of the total issued capital of Rs. 90.91 crore, the company has received approval to issue 44,54,596 shares — equivalent to 49% of its capital. Among these, 909,101 shares were allocated to residents of project-affected areas, 354,550 shares to Nepalis employed abroad, 70,910 shares to company staff, and 177,275 shares to mutual funds. The remaining 2,942,760 shares were opened for public subscription.
Applicants were allowed to apply for a minimum of 10 and a maximum of 10,000 shares.
The company is developing the Upper Machakhola Hydropower Project with a capacity of 4.55 megawatts. The project’s total cost exceeds Rs. 1 arba 11 crore, and the electricity generation license remains valid for another 30 years and 9 months. The general investment payback period is estimated at 7 years and 3 months, while the discounted payback period stands at 10 years and 9 months.
ICRA Nepal has assigned the company a rating of “ICRA NP BBB-“, indicating an average level of risk.
Prabhu Capital Limited is managing the IPO issuance. Interested investors could apply via the C-ASBA system or through the ‘Mero Share’ online platform.
According to CDS and Clearing Limited, by 5:00 PM on Asar 21, a total of 1,741,585 general investors had applied, requesting 21,296,300 shares — equivalent to Rs. 2 arba 12 crore 96 lakh 30 thousand.
This article was originally published on https://bajarkochirfar.com Translated with the help of AI and reviewed by our editorial team.
