Upper Hewakhola Hydropower (UHKHPC) Issuing 5,00,000 Units IPO for Locals of Sankhuwasabha

Upper Hewakhola Hydropower Company Limited (UHKHPC) is opening its IPO to the project-affected locals of Sankhuwasabha District

A total of 5,00,000 shares worth Rs. 5,00,00,000 will be issued at a par value of Rs. 100 per share. This is 10% of the company's total paid-up capital of Rs. 50 crores. The IPO will open on 10th Jestha and close on 24th Jestha, 2079. If unsubscribed, the issue can be extended up to Ashadh 08, 2079. The interested locals of Sankhuwasabha district can place their applications for a minimum of 10 units and a maximum of 1,00,000 units.

NMB Capital Limited has been appointed as the issue manager for the IPO issuance.

Care Ratings Nepal Limited (CRNL) has revised the issuer rating assigned to UHHCL to ‘CARE-NP BB (Is)’. Issuers with this rating are considered to have moderate risk of default regarding timely servicing of financial obligations in Nepal.

Upper Hewakhola Hydropower Company Ltd. (UHHCL) is a public company, incorporated as on March 13, 2012 as Upper Hewakhola Hydropower Pvt. Ltd. Later on, it converted to a public company on June 6, 2018. It is promoted by institutional as well as individual promoters from different backgrounds for setting up of an 8.5 MW run-of-river Upper Hewakhola Small Hydropower Project under BOOT (Build, Own, Operate and Transfer) model located at Sankhuwasabha district of Nepal.

Click here for IPO Offer Letter: