Chilime shares from today
Tue, May 31, 2011 12:00 AM on IPO/FPO News,
KATHMANDU, May 31:
Chilime Hydropower is floating 134,4000-unit primary shares to the public from May 31 at Rs 408.36 per unit.
The company is floating the primary issue adding premium of Rs 308.36 in the face value of Rs 100. Chilime — which has its Earning Per Share (EPS) stands at Rs 107 — has been distributing dividends since last five years. It has distributed 60 per cent dividends from last fiscal year’s profits.
The company is planning to collect Rs 548.83 million in total from this issue and it is expected to be oversubscribed as the Chilime shares are being traded at around Rs 900 per unit currently in the market. The After the primary issue to the public, the paid up capital of the company will be Rs 960 million.
One of the model hydro companies of the country has appointed Citizen Investment Trust and NCM Merchant Bank as its issue and sales managers.
Chilime Hydropower — with installed capacity of 22.1 MW is a subsidiary company of Nepal Electricity Authority with NEA’s 51per cent equity ownership — is based in Rasuwa district has distributed 10 per cent shares to the locals.
Source: THT
Chilime Hydropower is floating 134,4000-unit primary shares to the public from May 31 at Rs 408.36 per unit.
The company is floating the primary issue adding premium of Rs 308.36 in the face value of Rs 100. Chilime — which has its Earning Per Share (EPS) stands at Rs 107 — has been distributing dividends since last five years. It has distributed 60 per cent dividends from last fiscal year’s profits.
The company is planning to collect Rs 548.83 million in total from this issue and it is expected to be oversubscribed as the Chilime shares are being traded at around Rs 900 per unit currently in the market. The After the primary issue to the public, the paid up capital of the company will be Rs 960 million.
One of the model hydro companies of the country has appointed Citizen Investment Trust and NCM Merchant Bank as its issue and sales managers.
Chilime Hydropower — with installed capacity of 22.1 MW is a subsidiary company of Nepal Electricity Authority with NEA’s 51per cent equity ownership — is based in Rasuwa district has distributed 10 per cent shares to the locals.
Source: THT
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