The Securities Exchange Board of Nepal (SEBON) has approved the proposed IPO issue of Eastern Hydropower Limited (EHL). The proposal was approved on Shrawan 09.
The company will now issue 12,40,000 equity shares at a par value NPR 100 each. The amount of the issue is Rs. 12.4 Crore. Thus, the paid-up capital after the IPO will be Rs. 62 Crores. The promoter and the public shareholding after the IPO would be 80% - 20% ratio. At present promoter has Rs. 496,000,000 capital in the company.
NMB Capital Limited has been appointed as the issue manager for the proposed IPO issuance.
EHL is a Public Company, incorporated on August 4, 2017, promoted by institutional as well as individual promoters from different background. It is currently operating a 5 MW Pikhuwa Khola Small Hydropower Project (PKSHP) in run –of –river scheme located at Bhojpur district, Nepal. The project has been constructed under BOOT (Build, own, Operate and Transfer) mechanism.
Similarly, SEBON has also approved the IPO proposal of Khaptad Laghubitta Bittiya Sanstha Limited (KHLBSL).
The company will now issue 132,000 equity shares at a par value NPR 100 each. The amount of the issue is Rs. 1.32 Crore. This is 33% of the company's issued capital. Thus, the paid-up capital after the IPO will be Rs. 4 Crores. At present promoter has Rs. 26,800,000 i.e 67% capital in the company.
Prabhu Capital Limited has been appointed as the issue manager for the proposed IPO issuance. SEBON approved the IPO issue on Shrawan 10.
Khaptad Laghubitta Bittiya Sanstha came into existence in September 2019 and started its operations from July 2020 with licence to operate in the Sudurpaschim Province. KLBSL is promoted by a development bank, Shine Resunga Development Bank Limited (5.6%), an asset management company I Capital Private Limited (7.46%) and 60 individual promoters. Mr. Suresh Bahadur Bam is the Chief Executive Officer of the company. The registered and corporate office of KLBSL is in Godawari-1 Kailali, Nepal.