Taksar Pikhuwa Khola Hydropower Limited Closing IPO Shares to Project-Affected Locals of Bhojpur From Today

Taksar Pikhuwa Khola Hydropower Limited is closing the issue of 12,00,000 units of Initial Public Offering (IPO) shares for project-affected locals of Bhojpur District today, 11th Chaitra, 2082. The IPO had opened on 27th Falgun, 2082.

The issued capital of the company is Rs. 1.20 arba. Of this, 35.26%, i.e., 42,30,668 unit shares, will be issued to the public. Out of the total issue capital, 10%, which amounts to 12,00,000 unit shares worth Rs. 12 Crores, will be allocated to project-affected locals of Bhojpur district. The remaining 25.26% of the issued capital, i.e., 30,30,668 unit shares, will be offered to the general public.

Regarding this general public issue, 10%, a total of 3,03,067 unit shares, were allocated for the Nepalese citizens working abroad..

For project-affected locals, the minimum application quantity is 10 units, and the maximum is 50,000 units. For Nepalese citizens working abroad, the minimum application quantity is 10 units, and the maximum is 50,000 units.

Prabhu Capital Limited has been appointed the issue manager for the public offering.

CARE Ratings Nepal Limited (CRNL) has reaffirmed the issuer rating of `CARE-NP BB+ (Is)’ assigned to Taksar Pikhuwa Khola Hydropower Limited (TPKH). Issuers with this rating are considered to offer a moderate risk of default regarding the timely servicing of financial obligations in Nepal.

Taksar Pikhuwa Khola Hydro Power Limited (TPKH) is a public company, incorporated on April 23, 2014, as a private company, which was converted into a public limited company on September 29, 2021. It is promoted by individual promoters from different backgrounds for setting up of an 8 MW run- of-river, Taksar Pikhuwa Khola Hydropower Project (TPKHP) in Bhojpur district of Nepal..

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