Molung Hydropower’s IPO proposal was finally approved by SEBON | the company will soon list its shares at a price of Rs. 35.31 billion. The proposed IPO offering of Molung Hydropower Company Limited on Mangsir 15, 2079, has been approved by the Securities Exchange Board of Nepal (SEBON). At a par value of NPR 100 per share, the corporation will now issue 35,31,000 equity shares. The issue’s value is Rs. 35.31 Crore. This amounts to 44% of the outstanding capital of the business. The business would have Rs 80.25 crore in total paid-up capital following the IPO allotment.
The people impacted by the initiative as well as the general public will receive the company’s IPO. The issue manager for the intended IPO issuance has been named Sunrise Capital Limited. Incorporated as a public limited company on November 28, 2019, Molung Hydropower Company Limited was founded with the goals of investing in and developing a hydropower project.
The business runs a 7MW Molung Khola HPP in Nepal’s Province 1’s Okhaldhunga district. The project is a run-of-the-river (R-o-R) type, with a 40% likelihood of exceeding expectations (Q40). A month before its Required COD of April 2018, the project was started on March 26, 2018. Similarly, to that, the project was created for a total cost of NPR 207 million with a roughly 69:31 debt-to-equity ratio (D: E).
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