22-Mar-2022
Kathmandu
IPO date confirmed for general public. Two IPO'S are currently at place Green Ventures limited and Balephi hydropower limited.
Balephi hydropower limited (BAHL) is issuing initial public offering (IPO) in 2 phases. 1st phase has already completed for locals now issuing for general public which is 2nd phase.
1) Locals - Completed
Locals : 18,27,970 units are going to issue on the first stage for projects affected locals of sindhupalchok District from Magh 27th 2078.
Date Open to apply for locals : Magh 27 - Falgun 12
However Balephi hydropower limited is going to issue total 3,655,940 ( Thirty six lakh fifty five thousand and nine hundred fourty) IPO ( initial public offering) shares worth of 365,594,000 ( Thirty six Crore and fifty five lakh ninty four thousand) with base price of Rs. 100.
2) General public- Chaitra 16, 2078.
Balephi hydropower is going to issue 18,27,970 units for general public with base price 100.
Bifurcation of kittas
4%Employee: 73,119
5% Mutual Fund: 91,398
General public : 16,63,453
Who is the issue manager of Balephi hydropower Limited?
Global IME capital limited
After the initial public offering promoters share vs general public ratio will be 80% vs 20%.
How much to apply?
Minimum 10 kitta to maximum 1,000 kitta could be.
Rating of the company?
Grade 4+
By IRCA Nepal
About Balephi hydropower limited:
Water resources are the major natural resources identified for the development of Nepal. Nepal has a large hydropower potential amounting to 83,000MW. So far less than 1% of total potential has been exploited at present in spite of higher demand resulting in severe load shedding.
To meet the increasing power demand much attention has been given to study different scale projects. The funding requirements for such projects have so far delayed the implementation and have created a critical situation in the power supply. It is therefore utmost important to be involved INPD into the system to expedite the hydro-power in Nepal. ( source : Balephi website)
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