Securities Exchange Board of Nepal (SEBON) has added proposed IPO issue of Bindhyabasini Hydropower Development Company Limited under preliminary review in the latest list of IPO issues in pipeline published.
The company is proposing to come out with an IPO of 2,500,000 equity shares with a face value NPR 100 each, at par. The amount of the issue is Rs.25 Crore.
Sanima Capital Limited has been appointed as the issue manager for the proposed IPO issuance.
Bindhyabasini Hydropower Development Company Limited (BHDC) was incorporated in 2057/09/03 to develop, operate and maintain 15.4 MW project through the corridor of Rudi Khola compromising two cascade projects of Rudi A (8.8 MW) and Rudi B (6.6 MW). The authorized share capital of BHDC is 200 Crores.
Rudi Khola-A Small Hydropower Project (8.8 MW) is located at Mijuredanda VDC of Kaski district. The multiples business experience and technical knowledge within the company resulted in the completion of first project of RUDI A (8.8 MW) in 2018. Likewise, Rudi Khola B Small Hydropower project (6.6 MW) which is a run-of-river type of project located just upstream of panned Rudi-A Small Hydropower Project. Major part of Rudi-B Small Hydropower Project is located in Lamjung district at Pasgaun VDC.