IPO for General Public | Molung Hydropower is issuing 22,64,655 Units of IPO Shares from 4 Falgun

IPO for General Public | Molung Hydropower is issuing 22,64,655 Units of IPO Shares from 4 Falgun

As of today, 4 Falgun 2079, Molung Hydropower Company Limited is accepting applications for the issuing of 22,64,655 unit shares with a face value of Rs 100. After this IPO, the Company hopes to raise Rs 22.64 crore.

This issue’s early closing date is Falgun 10, and if it is not completely subscribed, it may be extended until Falgun 18, 2079.

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Out of the total 27,28,500 units, 10%, or 272,850 units, have already issue and assigned to Nepalese citizens who are working abroad.

In addition, 2%, or 54,570 units, have been set aside for company employees, and 5%, or 136,425 units, of the total offered shares, have been allocated to mutual funds.

Short Details about this IPO
IPO For General Public
Number of Shares 22,64,655 Units
Opening Date 4th Falgun 2079
Closing Date 10th Falgun 2079
If not fully subscribed 18th Falgun 2079


The general public will be able to purchase the final 22,64,655 units. Following this IPO, the business’s paid-up capital will be Rs. 80.25 Crores.

The company previously issued 27,850 unit shares to Nepalese employee working abroad. And 8,02,500 unit shares worth Rs. 8.02 crores to locals of project-affected people. The promoter owners collectively hold 56% of the stock of the corporation.

The IPO issuance’s issue manager has been named as Sunrise Capital Limited. A minimum of 10 units and a maximum of 8000 units may be requested in an application.

The Molung Hydropower Company Limited’s issuer rating of [ICRANP-IR] BB (pronounced “ICRA NP issuer rating double B”) has reaffirme by ICRA Nepal.

For issuers with this grade, there is regarded to be a slight risk of default due to the rapid servicing of financial obligations.

About the Company

As of mid-April 2022, Molung Hydropower Company Ltd, a public ltd company that was establish on November 28, 2019. And had a paid-up capital of NPR 449.4 million and was 100% promoter-held. Since March 2018, the business has been running a 7MW Molung Khola HPP in Nepal’s Province 1’s Okhaldhunga district.

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The project, a run-of-river (R-o-R) type, has a design discharge of 8.15 m3/s and a gross head of 108.45 m, and it has been developed with a 40% risk of exceedance (Q40). The yearly contract energy production is 36 GWh with a dry energy mix of 16% and a contract PLF of 58%.

Since it began on March 26, 2018, a month before the Required COD of April 2018, the project qualifies for all five tariff escalations.

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