Nepal Hydro Developer Limited is issuing 2, 60,000 unit shares worth Rs 2.60 crore as part of its Initial Public Offering (IPO) for the locals of project affected people of Dolakha district (Bhimeswor Municipality ward no-8, 9 and 11, Magpauwa VDC ward no-5 and Katakuti VDC ward no-6) from today (Mangsir 26, 2073).
The IPO applications will close on Poush 10, 2073. The maximum closing date for the offer is Magh 2, 2073.
Interested people must apply for a minimum of 50 units of share and they can apply for up to 1,000 units of share.
NMB Capital Limited has been assigned as the issue manager for the IPO issue.
The authorized capital of company is Rs 60 crore. The paid up capital of the company remains at Rs 19.50 crore. After the IPO for the locals of project affected area, the paid up will reach Rs 22.10 crore. After the IPO for the locals of project affected area, the company will be floating 390,000 units shares worth Rs 3.90 crore as a part of IPO for the general public. Its paid up capital will reach Rs 26 crore
ICRA Nepal has assigned an “[ICRANP] IPO Grade 4”, indicating below average fundamentals to the proposed IPO of Nepal Hydro Developer Limited (NHDL).
After the IPO, the promoter-people of affected area (Dolakha district) - public ratio of the company will be 75% to 25%.
Nepal Hydro Developer has developed 3.52 MW Charanawati Hydroelectrical projects which is located in Dolakha district. The main objective of the company is to promote hydropower sector through private investment for the overall development of the country.
The project is a cascaded, run-of-river type with net head of 186 m. The annual generation of energy is 37.29 GWh.
Collection centers details:
| S.No |
Collection Center Name |
Contact Person |
Contact Number |
| 1. |
Araniko Development Bank Limited, Dolakha Branch, Charikot |
Bhawana Shrestha |
049-421889 |
| 2. |
Kalinchowk Development Bank Limited, Charikot branch, Dolakha |
Manisha Shrestha |
049-421937 |
| 3. |
Kalinchowk Development Bank Limited, Bagkhor branch, Dolakha |
Sashikiran Chaulagain |
049-691324 |
