Maya Khola Hydropower Company Ltd is Issuing IPO to the locals & Nepalese Employed Abroad from 23 Mangsir

Maya Khola Hydropower Company Ltd is Issuing IPO to the locals & Nepalese Employed Abroad from 23 Mangsir. For the project-affected residents of Sankhuwasabha District and Nepalese nationals working abroad, Maya Khola Hydropower Company Limited has released an offer letter to make Initial Public Offering (IPO). The initial public offering (IPO) for residents and Nepalese people living and working overseas will start on 23 Mangsir and end on 8 Poush, 2079. It should mention that if the issue is not subscribe by the early closing date. Inhabitants of Sankhuwasabha District may have the option of having it delay till the 24th Poush.

But the issue won’t be continued over the early closing date for Nepalese nationals who work abroad. 10%, or 10,000 unit shares, worth Rs. 10 crores, of the company’s Rs. 1 Arba in issued capital have been given to Sankhuwasabha District residents who are affected by the project. In the interim, the public will eventually have access to 24,00,000 unit shares, or 10% of the company’s outstanding capital.

10% of the 2,40,000 unit shares in this public offering, which will begin trading on the aforementioned date, have been reserved for Nepalese nationals working overseas. The lowest application quantity for the project’s area is 10 units, while the maximum application quantity is 100,000 units. The lowest application quantity for Nepalese nationals working abroad is 10, while the maximum application number is 50,000. As the authorized issue manager, Prabhu Capital Limited.

About the Company: Maya Khola Hydropower Company Ltd is Issuing IPO to the locals

ICRA Nepal has updated its issuer rating for Maya Khola Hydropower Company Limited to [ICRANP-IR] BB- (called ICRA NP issuer rating double B minus). When it comes to timely financial obligation servicing, issuers with this grade are thought to be at moderate risk of default.

In the Sankhuwasabha district of Province No. 1 of Nepal. The Maya Khola Hydropower Company Limited is building the 14.9 MW Maya Khola HEP. The project is a run-of-the-river (R-o-R) type, and a 40% likelihood of exceedance is being use in its development. The project was first researched by the Department of Electricity Development, Nepal, and is one of the Super-Six initiatives.

Keep visiting us for more detail about this IPO.

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