IPO for General Public | Maya Khola Hydropower is issuing 19,92,000 Units of IPO Shares from 13 of Magh.
Starting today, or the 13th of Magh 2079, Maya Khola Hydropower Company Limited is accepting applications for issuing 19,92,000 unit shares with a face value of Rs 100. This issue’s early closing date is on Magh 17. If it is not completely subscribed, it may be postponed until Magh 27, 2079.
Out of the entire 24,00,000 units, 10%, or 240,000 units, have already issued and allocate to Nepalese people living and working abroad. 2%, or 48,000 units, have been reserved for firm workers, while 5%, or 120,000 units, of the total offered shares, have been reserved for mutual funds. 19.92,000 of the remaining apartments are for general sale.
Short Details About the IPO for General Public | Maya Khola Hydropower
| Number of Shares | 19,92,000 |
| Face Value | Rs. 100 |
| For | General Public |
| Opening Date | 13th Magh 2079 |
| Early Closing Date | 17th Magh 2079 |
| If not fully subscribed | 27th Magh 2079 |
After the IPO, the company’s paid-up capital will amount to Rs. 1 Arba. With this IPO, the business hopes to raise Rs 19.92 crore.
The business has previously given 240,000 unit shares to Nepalese nationals working overseas 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.
The issue manager for the IPO is Prabhu Capital Ltd. An applicant can request for a minimum of 10 units and a maximum of 100,000 units share in an application.
ICRA Nepal has confirmed Maya Khola Hydropower Company Ltd’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.
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About the Maya Khola Hydropower Company Limited
In Nepal’s Province No. 1’s Sankhuwasabha district, the 14.9 MW Maya Khola HEP is being built by the Maya Khola Hydropower Company Limited. Run-of-the-river (R-o-R) type project being created with a 40% chance of exceeding goals. The project, which is a part of the Super-Six initiative, was first researched by the Nepali Department of Electricity Development.
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