In order to raise funds for project-affected villages from Magh 27 to Falgun 1, Balephi Hydropower is launching an Initial Public Offering (IPO). The corporation is distributing 10,96,782 units (or 60 percent of the total number of units) to residents of the country. Locals who are interested can submit proposals for a minimum of ten units and a maximum of one hundred thousand units.
The corporation has a total of 18,27,970 shares in circulation. A total of 10,96,782 shares (20 percent of the paid-up capital) will be issued to the general public as part of the public offering (Locals & General Public). It is planned to issue the public shares in two stages. The first phase will see 60 percent of the shares offered to local investors, with the remainder of the shares being released to the general public in the second phase.
Global IME Capital Limited has been designated as the issue manager for the initial public offering (IPO).
In 2068, Balephi Hydropower Limited was set up under the company act of 2006. It was set up on the 30th of Falgun, 2068. This also happened in 2070. It was registered with the department of industry on March 17th and went public on March 18th of that year, which is when it was made public. Bale Hydropower is building the 'Upper Bale A Hydropower Project' in Sindhupalchowk.
A rating agency in Nepal says that the company can work on the project for 35 years. They can build, generate, and sell power from it. Run-of-river hydropower is the type of hydropower used in this project. It has a capacity of 36 MW. The estimated cost of the project is Rs. 607 crores, which includes interest while the project is being built.
Company Sector: Hydropower
Issue Manager: Global IME Capital Limited
Open IPO Date : 27 Magh 2078
Close IPO Date : 1 Falgun 2078
Total No of Units: 18,27,970
IPO For locals : 10,96,782 units
Price per Unit: Rs 100
Suitable to Apply (General Public): 10 Units
Maximum units apply (Kitta): 1000 units
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