Today is the last day to Apply for the Barahi Hydropower IPO for local

Today is the last day to submit an application for the Barahi Hydropower local IPO: Today, Kartik 25, 2079, Barahi Hydropower Public Limited (Barahi) is closing the IPO issue of 2,50,000 units of shares for the Baglung district residents impacted by the project. From Kartik 4 till Kartik 18, the company has been issuing 2,50,000 shares for the project that impacted the community at a par value of Rs. 100 per share. However, because there wasn’t enough interest, the deadline was extended to today, or 25 Kartik 2079.

This amounts to 10% of the company’s Rs. 25 million in issued capital. If the local issue is not completely subscribed, the leftover shares will be issued in addition to the number of shares allotted for the public offer. The Promoter-Public Share Ratio would be 72:28 following the allocation of the IPO shares. The issue manager for the first public offering issuance is NIBL Ace Capital Limited. Locals should submit applications for 10 shares or up to 10,000 shares.

Barahi Hydropower IPO for local

Barahi Hydropower Public Limited (BHPL/the company) is being given an issuer rating by ICRA Nepal of [ICRANP-IR] B- (pronounced ICRA NP issuer rating B zero). When it comes to the timely payment of financial commitments, issuers with this grade are thought to be at high risk of default. Barahi was established in April 2006 as a private limited company; in March 2015, it changed its status to a public limited company to allow for greater public participation. Theule Khola HEP, 1.5 MW, is being used by the company in the Baglung district. Gandaki Province of Nepal, as of 8 July 2018. 5 years after its required commercial operation date (RCOD) on 10 May 2013. For a cost of NPR 374 million, funded by a debt-to-equity ratio of 52:48. The project has a 40% possibility of exceeding expectations since it is a run-of-the-river (R-o-R) type (Q40).

Keep visiting our website to get more information about the IPO. Upcoming IPO in Nepal, or much more about the stock market of Nepal.

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