Upper Hewakhola Hydropower Company Limited IPO Date: Upper Hewakhola Hydropower Company Limited is opening an IPO for the general public from 08-July-2022 to 12-July-2022. The issue manager for this IPO is NMB Capital Limited.
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Upper Hewakhola Hydropower Company Limited IPO Apply Date
The general public can apply from the meroshare.cdsc.com.np account. This is a new upcoming IPO in Nepal from Hydropower Sector.
NMB Capital Limited has been appointed as an issue manager for this IPO. The total units that are issued for this IPO for the general public are only 15,00,000.
Upper Hewakhola Hydropower Company Limited IPO Opening Date
The price per unit for this IPO is Rs 100. You can apply for only 10 units due to this reason of less amount of shares. The maximum amount of units that you can apply for this IPO is 1000.
|S.N||Himalayan Hydropower Limited IPO||Details|
|2||Issue Manager||NMB Capital Limited|
|3||Open IPO Date||24 Ashadh 2079|
|4||Close IPO Date||28 Ashadh 2079|
|5||Total No of Units||15,00,000|
|6||Price per Unit||Rs 100|
|7||Suitable to Apply (General Public)||10 Units|
|8||Maximum units apply (Kitta)||1000 units|
Upper Hewakhola Hydropower Company Limited Opening IPO For General Public From 24 Ashadh
Upper Hewakhola Hydropower Company Limited (UHKHPC) will be issuing 15,00,000 units worth Rs. 15 crores as Initial Public Offering to the general public from Ashad 24, 2079. The early closing date of this issue is on Ashad 28 and if the issue is not fully subscribed then it can be extended up to Shrawan 06, 2079.
Out of the offered 15,00,000 units; 2% of the total offered shares to the general public i.e. 30,000 units have been set aside for the employees of the company and 5% of the total offered shares to the general public i.e. 75,000 units have been set aside for the mutual funds. The remaining 13,95,000 units are for the general public.
Applications can be placed 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.
10% of the capital is already issued and allotted to the locals of the Sankhuwasabha district, whereas, 30% is allocated to the general public.
The total capital of the company after the allotment of IPO to the general public will reach Rs 50 crore.
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 a moderate risk of default regarding the timely servicing of financial obligations in Nepal.
Upper Hewakhola Hydropower Company Ltd. 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 an 8.5 MW run-of-river Upper Hewakhola Small Hydropower Project under the BOOT (Build, Own, Operate and Transfer) model located in the Sankhuwasabha district of Nepal.
Conclusion on Upper Hewakhola Hydropower Company Limited IPO:
This IPO is now open to the general people. Therefore, you can apply for this IPO from 20 Ashadh 2079 to 23 Ashadh 2079 from your meroshare account. You can also visit the banks for applying this IPO.