Tag: 643,667

  • Rawa Energy Development Limited Concludes IPO of 643,667 Unit Shares

    Rawa Energy Development Limited Concludes IPO of 643,667 Unit Shares


    Rawa Energy Development Limited has announced the closure of its Initial Public Offering (IPO) for the issuance of 643,667 unit shares with a face value of Rs. 100 per share. The IPO was opened on 18th Jestha, 2080 and will conclude on 22nd Jestha, 2080.

    Previously, the company had allocated 2,80,000 unit shares worth Rs. 2.8 crores to the project-affected locals of Khotang District. However, only 87,370 units were allotted to valid applicants, leaving 192,330 units unsubscribed. These unsubscribed shares, along with 560,000 units (20% of the issued capital reserved for the general public), make up a total of 752,330 units available for the general public.

    Out of the total 752,330 units, 56,000 units have been issued and allotted to Nepalese citizens working abroad, 37,616 units have been set aside for mutual funds, and 15,047 units have been reserved for employees of the company. The remaining 643,667 units are available for the general public.

    The company aims to raise Rs. 6.43 crore through this IPO. Prabhu Capital Limited has been appointed as the issue manager for the IPO issuance, and interested applicants can apply for a minimum of 10 units and a maximum of 10,000 units.

    As of yesterday evening, the issue has already received a significant oversubscription. According to CDSC, a total of 869,645 applicants have applied for 95,86,400 units, indicating an oversubscription of 14.89 times.

    CARE Ratings Nepal Limited (CRNL) has assigned an issuer rating of ‘CARE-NP BB (Is)’ to Rawa Energy Development Limited. This rating signifies a moderate risk of default in the timely servicing of financial obligations in Nepal.

    Rawa Energy Development Ltd, incorporated on August 16, 2009, as a private limited company and later converted to a public limited company on June 28, 2019, is promoted by individuals with extensive experience in the hydropower and other sectors. The company operates the 3 MW Upper Rawa Khola Small Hydropower Project (URKHP) in Khotang District, which has been in commercial operation since September 20, 2020. The project follows the BOOT (Build, Own, Operate, and Transfer) mechanism.

  • Rawa Energy Development Limited Launches IPO Offering of 643,667 Shares to Raise Rs. 6.43 Crore

    Rawa Energy Development Limited Launches IPO Offering of 643,667 Shares to Raise Rs. 6.43 Crore


    Rawa Energy Development Limited has announced the opening of its initial public offering (IPO) of 643,667 unit shares with a face value of Rs. 100 per share. The IPO subscription period begins on 18th Jestha, 2080 and ends on 22nd Jestha. In the event of undersubscription, the closing date may be extended until 32nd Jestha, 2080.

    Previously, the company had issued 280,000 unit shares worth Rs. 2.8 crores to project-affected locals in Khotang District. However, only 87,370 units were allotted to valid applicants, leaving 192,330 units unsubscribed. These remaining shares, along with 560,000 units (20% of the issued capital) reserved for the general public, make up a total of 752,330 units available for the general public.

    Out of the total 752,330 units, 56,000 units have already been issued and allotted to Nepalese citizens working abroad, while 37,616 units have been set aside for mutual funds, and 15,047 units have been reserved for the company’s employees. The remaining 643,667 units are offered to the general public.

    The company aims to raise Rs. 6.43 crore through this IPO. Prabhu Capital Limited has been appointed as the issue manager for the IPO, and interested applicants can apply for a minimum of 10 units and a maximum of 10,000 units.

    CARE Ratings Nepal Limited (CRNL) has assigned an issuer rating of ‘CARE-NP BB (Is)’ to Rawa Energy Development Limited. This rating suggests a moderate risk of default in terms of timely financial obligations in Nepal.

    Rawa Energy Development Ltd, initially incorporated as a private limited company on August 16, 2009, later converted to a public limited company on June 28, 2019. The company is promoted by experienced individuals in the hydropower and other sectors, with a focus on developing hydroelectric projects in Nepal. The company’s flagship project is the 3 MW Upper Rawa Khola Small Hydropower Project (URKHP) in Khotang District, which has been in commercial operation since September 20, 2020. The project follows the BOOT (Build, Own, Operate, and Transfer) mechanism.

  • Rawa Energy Development Limited Launches IPO Offering 643,667 Unit Shares for Public Subscription

    Rawa Energy Development Limited Launches IPO Offering 643,667 Unit Shares for Public Subscription


    Rawa Energy Development Limited has initiated the issuance of 643,667 unit IPO shares, with a face value of Rs 100 per share, starting from today, the 18th of Jestha, 2080. The IPO is set to conclude on the 22nd of Jestha, and if the subscription falls short, the deadline may be extended until the 32nd of Jestha.

    In the past, the company allocated shares worth Rs. 2.8 crores to project-affected locals in the Khotang District. However, only 31.2% of the shares, amounting to 87,370 units, were allotted to eligible applicants. Consequently, the remaining 192,330 units of unsubscribed shares from the project-affected locals are now combined with 560,000 units, which represents 20% of the issued capital and is reserved for the general public. This brings the total number of shares available for the general public to 752,330 units.

    Out of the total shares, 56,000 units have already been issued and allocated to Nepalese citizens working abroad, while 37,616 units have been set aside for mutual funds, and 15,047 units are reserved for the company’s employees. The remaining 643,667 units are now made available for the general public to participate in the IPO.

    The company aims to raise a total of Rs 6.43 crore from this IPO. Prabhu Capital Limited has been appointed as the issue manager to oversee the IPO process. Interested investors can apply for a minimum of 10 units and a maximum of 10,000 units.

    CARE Ratings Nepal Limited (CRNL) has assigned an issuer rating of ‘CARE-NP BB (Is)’ to Rawa Energy Development Limited, indicating a moderate risk of default in terms of fulfilling financial obligations in Nepal.

    Rawa Energy Development Ltd is a public limited company that was initially incorporated as a private limited company on August 16, 2009, and subsequently converted to a public limited company on June 28, 2019. The company is promoted by experienced individuals with a strong background in the hydropower sector and other industries. Their focus is on establishing Hydroelectric Projects (HEP) in Nepal. The company currently operates the Upper Rawa Khola Small Hydropower Project (URKHP) with a capacity of 3 MW in the Khotang District. The project has been in commercial operation since September 20, 2020, and was constructed under the BOOT (Build, Own, Operate, and Transfer) mechanism.