Dolti Power Company distributed IPO shares to residents of Dailekh District who were impacted by the project 20 Chaitra 2079
To the residents of Dailekh District who would impacte by the project, Dolti Power Company Ltd has distributed IPO shares. On the 20th Chaitra of 2079, the allocation scheme came to an end.
Locals in the Dailekh District who were impacte by the project received 10% of the company’s issued capital, or 536,486 unit shares, valued Rs. 5.36 crores.
Meanwhile, 10,72,972 unit shares, represent 20% of the company’s issued capital. Will distribute to the general public later.
In this public offering, 107,298 shares, or 10% of the total, were designated for Nepalese nationals working overseas. The problem first surfaced on Falgun 8, 2079.
According to the notification that was published today, the business hereby notifies that on Chaitra 20, 2079, the issued units were distributed to the qualified applicants.
You may examine the IPO results at https://iporesult.cdsc.com.np/, the IPO’s official website. As the issue manager, NIC Asia Capital Ltd was chosen.
Issuers with this grade are considered to have a low risk of default when it comes to timely financial obligation service.
Dolti Power Company Limited was first establish as a private ltd business on April 7, 2013. And then on July 15, 2021, it chang its status to a public ltd corporation.
In the Dailekh district of Nepal’s Karnali province, DPCL runs a 4.5 MW Padam Khola run-of-river (R-o-R) HPP with a 2.27 m3/s design discharge with a Q40 probability of exceedance.
The project was produce at a total cost of NPR 1,101 million (NPR 245 million per MW), fund at a debt-to-equity ratio of NPR 66:34. And started operating commercially on 24 December 2019, against the RCOD of 20 February 2021.