Dolti Power Company will issue 12,71,861 unit IPO shares from Chaitra 28 in its first public offering (IPO)
The offer letter for Dolti Power Company Limited’s Initial Public Offering (IPO) to the general public has issue.
From the 28th Chaitra of 2079, the corporation will issue 12,71,861 unit shares with a face value of Rs 100. Through this IPO, the business hopes to raise Rs 12.71 crore.
If the issue still needs to be fully subscribed, the early closing date may extende until the 12th Baisakh, 2080. The early closing date for this issue is on the 3rd Baisakh.
Just 141,820 of the 536,486 unit shares worth Rs. 5.36 crores that the business had previously distributed to the residents of Dailekh District who would be impacted by the project were given to eligible applicants.
The remaining 394,666 units of unsubscribed shares of project-affected locals are combined with the 10,72,972 units (20% of the issued capital is reserved for the general public) to bring the total number of units available to the general public to 14,67,638.
Of the entire 14,67,638 units, 107,298 units have already release and given to Nepalese nationals living and working overseas.
Moreover, 20,462 units, or 5% of the total shares offered, have reserve for firm personnel and 68,017 units, or 5%, have been put aside for mutual funds. The general public will use 12,71,861 of the remaining units.
70% of the total shares of the corporation are owned by the promoter owners.
The issue manager for the IPO issuance has name as NIC Asia Capital Ltd. For as little as 10 units or as many as 10,000 units, applications may made.
Dolti Power Company Limited has received an issuer rating of [ICRANP-IR] BB from ICRA Nepal (pronounced ICRA NP issuer rating double B).
The risk of default for issuers with this grade is seen as being moderate when it comes to timely financial obligation servicing.
Dolti Power Company Limited was first established as a private limited business on April 7, 2013. Then on July 15, 2021, it changed its status to a public limited corporation.
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