HIDCL Issuing 1: 1 Right Shares from Shrawan 5

Hydroelectricity Investment and Development Company Limited has published an offer letter to issue its proposed rights offering in 1:1 ratio.

11,00,00,000 units right shares will be issued from 5th Shrawan. The offering will conclude on 25th Shrawan, 2078.

The hydropower company declared the book closure date for its rights offering on Jestha 28. Thus, investors maintained before that day are eligible to apply for the shares.

The application was submitted to the regulatory board on Chaitra 12, 2077. SEBON approved the proposal on Jestha 09, 2078.

The hydropower company has published the unaudited quarterly report for the third quarter of FY 2077/78. The net profit of the company decreased by 20.94% to Rs. 63.89 Crore from last year’s Rs. 80.82 Crore. The company’s paid-up capital stands at Rs. 11.00 Arba with reserve and surplus of Rs. 1.57 Arba. The company has Rs. 5.50 Arba as call in advance is the amount received from GoN and is considered for diluted EPS, net worth per share, and total assets per share calculation.

The company has equity investments worth Rs. 35.65 Crore till Q3 and has issued loans to power projects worth Rs. 3.91 Arba till Q3. HIDCL has Rs. 11.65 Arba in term deposits with different banks. The basic EPS of the company on the corresponding quarter of the previous year was at Rs. 5.16. The quarter-end P/E ratio and net worth per share stand at 81.73 times and Rs. 109.55 respectively.

Rights Offering Notice