Radhi Bidyut Company to issue 7.64 lakh units IPO shares; application in SEBON pipeline

Radhi Bidyut Company Limited has applied to Securities Board of Nepal (SEBON) to issue 7,64,550 units shares worth Rs 7.64 crore as part of its IPO for general public. It recently floated 4,10,000 units IPO shares to the local people of Lamjung district from Baisakh 5 to Jestha 3, 2074. Nabil Investment Banking Limited is the assigned issue manager for this IPO. Radhi Bidyut Company Limited operates a 4.40 MW Radhi Small Hydropower Project in Lamjung district that has been generating electricity since Jestha 31, 2071 and is connected to the national grid. ICRA Nepal has assigned an [ICRANP] IPO Grade 3 rating to this IPO, indicating average fundamentals. The authorized capital of company is Rs 1.50 arba.  The paid up capital of the company remains at Rs 30.75 crore. After the IPO for the locals of project affected area and for general public, its paid up capital will reach Rs 41 crore. Radhi Bidyut Company has earned net profit of Rs 4.74 crore in the last fiscal year 2072/73.