IPO for General Public | Maya Khola Hydropower Company Limited is going to Issue 19,92,000 Units of Shares from the 13th of Magh.
An offer letter for Maya Khola Hydropower Company Ltd’s Initial Public Offering (IPO) to the general public has issue. The company is going to issue 19,92,000 units of IPO shares with Rs. 100 face value from this 13th of Magh. With this IPO, the company hopes to rise Rs. 19.92 Crore. The early closing date is the 17th of Magh but if it is not fully subscribed it can extend 27th of Magh 2079.
Out of the entire 24,00,000 units, 10%, or 240,000 units, have already issue and allocated to Nepalese people living and working abroad. 2%. Or 48,000 units, have reserve for firm workers, while 5%, or 120,000 units, of the total offered shares. Have reserve for mutual funds. 19.92,000 of the remaining apartments are for general sale. After the IPO, the company’s paid-up capital will amount to Rs. 1 Arba.
The business has previously given 240,000 unit shares to Nepalese nationals living abroad as well as 10,000 unit shares worth 10 crores of rupees to residents impacted by the project. In all, the promoter owners own 66% of the company’s shares.
Maya Khola Hydropower Company Limited
The issue manager for the first public offering issuance is Prabhu Capital Ltd. A minimum of 10 units and a maximum of 100,000 units may request in an application.
ICRA Nepal has confirmed Maya Khola Hydropower Company Limited’s issuer rating of [ICRANP-IR] BB- (pronounced ICRA NP issuer rating double B negative). The prompt servicing of financial obligations is thought to pose a modest risk of default for issuers with this grade.
Keep visiting us.
Also, you may read,