Dibyashwari Hydropower Company Limited was issuing 3, 96,000 unit shares worth Rs 3.96 crore as part of its Initial Public Offering (IPO) from Ashad 13, 2073 till Ashad 16, 2073. The IPO is oversubscribed by 78.53 times already till last day.
As per the official Ace Capital Limited, “The total collection of the IPO is approximately Rs 3.11 arba till last day. Around 1,09,000 application forms were received.”
| Dibyashwari Hydropower IPO collection (preliminary) |
| Days |
Total Collection |
Oversubscribed |
Number of Application Forms |
| First day |
18 crore 22 lakh |
4.94 times |
6000 |
| Second day |
84 crore 94 lakh |
23.06 times |
28,000 |
| Third day |
1 arba 46 crore |
39.64 times |
48,000 |
| Fourth day |
3 arba 11 crore |
78.53 times |
1,09,000 |
Ace Capital Limited was the issue manager for the IPO issue.
The hydropower company has set aside 2% or7, 920 unit shares for its employees and 5% or 19,800 unit shares for the 7 mutual fund companies. The mutual fund schemes are Nabil balance fund-1, NMB Sulav Investment Fund – 1, NIBL Sambriddhi Fund – 1, Laxmi Value Fund -1, Siddhartha Equity Oriented Scheme, Siddhartha Investment Growth Scheme- 1 and Global IME samriddhi Fund-1. The company has set aside 3, 68,280 unit share to the general public.
After the IPO, the paid up capital will reach Rs 26.40 crore from the current Rs 19.80crore which includes 2.64 crore collected from the project-affected area. The hydropower has authorized capital of Rs 56 crore.
After the IPO, the promoter-people of affected area (Sankhuwasabha distriict) - public ratio of the company will be 75% to 10% to 15%.
ICRA Nepal has assigned an “[ICRANP] IPO Grade 4”, indicating below average fundamentals to the proposed IPO of Dibyashwari Hydropower.
Dibyashwari Hydropower has already floated 2,64,000 unit shares worth Rs 2.64 crore primary shares on Falgun 30, 2072 to the locals of Sankhuwasabha district (Dhupu, Syabun, Wana VDC and Chainpur Municipality Ward no. 8,9,11 project affected area) at the face value of Rs 100 per unit.
The Hydropower project is situated at Dhupu VDC in Sankhuwasabha. The Hydropower project has the capacity of generating 4 MW electricity. From the beginning of next fiscal year the hydropower project will start generating revenue.
