IPO Opening for Locals of Dordi Khola Jal Bidhyut Company
Mon, Apr 18, 2022 12:27 PM on Latest, IPO/FPO News,
Dordi Khola Jal Bidhyut Company Limited is opening its IPO to the project-affected locals of Lamjung District.
A total of 10,54,260 shares will be issued at a par value of Rs. 100 per share. The IPO will open on 13th Baisakh and close on 27th Baishakh, 2079. If unsubscribed, the issue can be extended up to Jestha 11, 2079.
The interested locals can place their applications for a minimum of 10 units and a maximum of 10,00,000 units.
Siddhartha Capital has been appointed as the issue manager for the IPO issuance.
lCRA Nepal Ltd has assigned a double B minus issuer rating [ICRANP-IR] BB- to the company. Companies with this grading are considered to have a moderate risk of default regarding timely servicing of financial obligations.
Dordi Khola Jal Bidyut Company Ltd is a public company incorporated on Falgun 14, 2066 (February 26, 2010) as per Companies Act 2063, Nepal with the objective to develop and invest in hydropower projects. It is currently developing a 12 MW Dordi-1 Hydroelectric Project in Lamjung District and owns its generation license. The project is located in Dordi Gaupalika-6, Lamjung. Its registered office is located at Kathmandu -11, Bluestar Complex, Tripureshor. Lamjung Electricity Development Company Limited (LEDCO) holds 84.95% ownership in the company.
