Heads Up: Rights Offering of Hydroelectricity Investment and Development Company (HIDCL) Extended Till Bhadra 08
Mon, Aug 9, 2021 10:18 AM on Latest, Dividend, Bonus & Rights,
Hydroelectricity Investment and Development Company Limited (HIDCL) has extended the issue of 1:1 ratio right shares. While the issue was supposed to close today, the deadline has been extended till Bhadra 08, 2078.
11,00,00,000 units right shares were issued from 5th Shrawan. The hydropower company declared the book closure date for its rights offering on Jestha 28. Thus, investors maintained before that day are eligible to apply for the shares.
The application was submitted to the regulatory board on Chaitra 12, 2077. SEBON approved the proposal on Jestha 09, 2078.
Global IME Capital is the issue manager for this right issue.
The hydropower company has published the unaudited quarterly report for the third quarter of FY 2077/78. The net profit of the company decreased by 20.94% to Rs. 63.89 Crore from last year’s Rs. 80.82 Crore. The company’s paid-up capital stands at Rs. 11.00 Arba with reserve and surplus of Rs. 1.57 Arba. The company has Rs. 5.50 Arba as call in advance is the amount received from GoN and is considered for diluted EPS, net worth per share, and total assets per share calculation.
The company has equity investments worth Rs. 35.65 Crore till Q3 and has issued loans to power projects worth Rs. 3.91 Arba till Q3. HIDCL has Rs. 11.65 Arba in term deposits with different banks. The basic EPS of the company on the corresponding quarter of the previous year was at Rs. 5.16. The quarter-end P/E ratio and net worth per share stand at 81.73 times and Rs. 109.55 respectively.
