IPO for General Public | Barahi Hydropower Public is issuing 554,000 units of IPO shares starting today. For its initial public offering (IPO) to the general public, Barahi Hydropower Public Limited (BHPL) has made an offer letter available. The company is issuing 5,54,000 unit shares with a face value of Rs 100. The company intends to collect Rs 5.54 crore from this IPO. The issue’s early closure date is on Mangsir 26, and if it is not completely subscribed, it may be extended until Poush 06, 2079.
A total of 5,54,000 units have been allocated, with 11,080 units reserved for corporate workers and 27,000 units reserved for mutual funds, representing 2% and 5%, respectively, of the total offered shares. For general sale are the remaining 5,15,920 units. Following the IPO issue, the company’s paid-up capital will amount to Rs. 25 crores.
To the residents of the Baglung district who are impacted by the project, the business previously offered 250,000 unit IPO shares or 10% of the issued capital of Rs. 25 crores, from Kartik 04 to 25 Kartik, 2079. Only 146,000 units, or 58.4% of the total issue, have instead been distributing to eligible candidates. And in order to reach a total of 5,54,000 units for the general public, the remaining 104,000 units of unsubscribed shares are added to the 450,000 units (which is an 18% share reservation). In all, the promoter owners own 72% of the company’s shares.
NIBL Ace Capital is the issue manager for the first public offering issuance. You can request a minimum of 10 units and a maximum of 10,000 units in an application. This rating indicates that there is a strong likelihood that the issuer will promptly default on its financial obligations.
About the company: Barahi Hydropower is going to issue an IPO for the general public
Barahi is a private Ltd company establish in April 2006. It changed its status to a public limited company in March 2015 to allow for greater public engagement. Since July 8, 2018, the business has been running a 1.5 MW Theule Khola HEP in Nepal’s Baglung district of the Gandaki Province. The project was complete for NPR 374 million, with funding provided by a 52:48 debt to equity ratio. And five years beyond the original required commercial operation date (RCOD) of May 10, 2013. The project is of the run-of-the-river (R-o-R) type, with a 40% likelihood of exceeding expectations (Q40). ICRA Nepal has given Barahi Hydropower Public Limited (BHPL/the firm) an issuer rating of [ICRANP-IR] B- (pronounced ICRA NP issuer rating B minus).
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