Liberty Energy Company Limited is issuing 15,00,000 units worth Rs 15 crore as Initial Public Offering for the locals of project affected area of Lamjung district from today (Falgun 27, 2076). The early closing date of this issue is on Chaitra 11 and if the issue is not fully subscribed till Chaitra 11, then it can be extended upto Chaitra 26, 2076.
NIBL Ace Capital has been appointed as the issue manager for the IPO issuance.
Applications can be placed for minimum 10 units and maximum 10,000 units. The application forms can be collected and deposited in the branches of the following branches:
And the locals are also allowed to apply shares using ASBA facility but this provisions is not made compulsory.
After the issuance of 15 lakh units IPO shares for the locals i.e 10% of total capital, the hydropower company will be issuing 22.50 lakhs units IPO shares i.e 15% of total capital to the general public which will together raise its paid-up capital to Rs 1.50 arba.
ICRA Nepal Limited has assigned a [ICRANP] IPO Grade 4 to the Rs.37.50 Initial Public Offer of Liberty Energy Company Limited. Instruments with this grading are considered to have below-average fundamentals.
The company is developing the 25 MW Upper Dordi ‘A’ HEP in Faleni and Dhodeni VDC, Lamjung district of western Nepal. The per megawatt cost of the project (including IDC) is Rs 18.54 crore and its payback period is 9.20 years.
Click here for IPO offer Letter: