Arun Valley Hydropower proposes FPO price for 31.57 lakh units shares at Rs 301; LTP at Rs 290

Arun Valley Hydropower Development Company Limited (AHPC) will be floating Further Public Offering (FPO) of 31,57,883 unit shares at Rs 201 premium added to the par value of Rs 100. As per the notice published in NEPSE today, the BOD meeting of the hydropower company held on Ashad 23, 2074 has decided to issue FPO shares. AHPC has proposed a per unit price of its FPO at Rs 301 per share. Siddhartha Capital Limited has been appointed as the issue manager for its upcoming FPO. AHPC is going to issue 31.75 lakh units further shares to the general public to restructure its promoter-public shareholding pattern to 51:49 from the current 70:30. AHPC has earned net profit of Rs 3.44 crore in the third quarter of the ongoing fiscal year 2073/74. Its paid up capital currently stands at Rs 84.81 crore. After the FPO, its paid up capital will reach Rs 1.16 arba. Its last traded price (LTP) stand at Rs 290 as on July 6, 2017.