Shiva Shree Hydropower closing IPO issue to general public; investors can apply till banking hour today

Fri, Nov 1, 2019 10:03 AM on IPO/FPO News, Latest, Stock Market,

Shiva Shree Hydropower Limited is closing the issue of 33,51,140 units (including 11,36,540 units unsubscribed by locals) IPO shares to the general public from today (Kartik 15, 2076). This issue was opened since Ashwin 16, 2076 and investors can apply this IPO till banking hour today.

Applications can be place for minimum 10 units and maximum 10,00,000 units. Siddhartha Capital Limited is appointed as the issue manager for the IPO issuance.

The paid up capital of the company after the IPO will be Rs 1.47 arba. After the issuance of IPO, the promoter shareholders will be holding 75% while the project affected locals will hold 2.31% and the ordinary shareholders will hold 22.69% stake.

CARE Nepal had assigned Grade 4 rating to the IPO issuance indicating below average fundamentals.

Currently, it has been developing ‘Upper Chaku Hydroelectric Project’ of capacity 22.2 MW located at Sindhupalchowk district of Nepal. The per megawatt cost is Rs 22.45 crore and total cost of project is Rs 4.98 arba. The normal payback period of project is 9.59 years and discounted payback period is 21.95 years.

Click here for IPO Offer letter:

IPO of Shiva Shree Hydropower opens from Ashwin 16; Information you need to make your investment decision