Supermai Hydropower Limited is Going to Issue 4,15,000 Units of IPO Share to General Public from 23rd Magh 2079

Supermai Hydropower Limited is Going to Issue 4,15,000 Units of IPO Share to General Public from 23rd Magh 2079

In order to release its Initial Public Offering (IPO) to the general public. Supermai Hydropower Limited has released an offer letter.

From the 23rd Magh of 2079, the corporation will issue 4,15,000 unit shares with a face value of Rs 100. With this initial public offering, the business hopes to raise Rs 4.15 crore. If the issue is not completely subscribed, the early closing date of this issue.  Which is set for Magh 26, may be extended until Falgun 8, 2079.

10%, or 50,000 units, of the total 500,000 units have already release and assigned to Nepalese residents who are working overseas. 2%, or 10,000 units, have put aside for the company’s workers, while 5%, or 25,000 units, of the total offered shares have reserve for mutual funds. 4.15 thousand more units are available to the general public. After the IPO, the company’s paid-up capital will amount to Rs. 50 crore.

In the past, the business distributed 50,000 shares to Nepalese nationals working abroad and 500,000 shares worth Rs. 5 crore to residents impacted by the initiative. In all, the promoter owners own 80% of the company’s shares.

The IPO’s issue manager is Sanima Capital Ltd. A minimum of 10 units and a maximum of 20,000 units may request in an application.

ICRA Nepal has raised Super Mai Hydropower Limited’s issuer rating from [ICRANP-IR] BB+ to [ICRANP-IR] BBB- (pronounced ICRA NP issuer rating triple B minus) (pronounced ICRA NP issuer rating double B plus). Issuers with this grade are thought to have a reasonable level of safety when it comes to prompt payment of debts.

About the Company

Super-Mai hydropower project Ltd. Was founded in 2071 with the support of notable figures in the hydropower development, financial, and industrial sectors. Its sole objective is to generate energy using cutting-edge technologies in a safe, affordable, dependable, efficient, and environmentally responsible manner.

The company’s major focus is on using hydropower to produce and supply energy from a variety of sources. In order to achieve this goal. The Company envisions organizing and utilizing the financial and technical resources available in the nation to build projects one after the other. In order to contribute as much as possible to the country’s need for energy while ensuring an alluring return for investors.

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