Tag: Hydropower

  • SEBON Approval: Ridi Power and Arun Valley Hydropower Set to Issue Right Shares for Expansion

    SEBON Approval: Ridi Power and Arun Valley Hydropower Set to Issue Right Shares for Expansion


    “The Securities Board of Nepal (SEBON) has given the green light to the rights offering proposals of two hydropower companies, Ridi Power Company Limited (RIDI) and Arun Valley Hydropower Development Company Limited (AHPC). Ridi Power Company plans to issue 50% right shares, totaling Rs. 77.44 Crores, equivalent to 7,744,506 units, to its existing shareholders. This move aims to fund the investment in the Tallo Balephi hydropower project of Sajha Power Development Company. The company’s current paid-up capital of Rs. 1.54 Arba will increase to Rs. 2.32 Arba after the adjustment of the proposed right shares. Muktinath Capital Limited will serve as the issue manager. As of the latest update, RIDI’s closing share price is Rs. 221.00.

    Similarly, Arun Valley Hydropower Development Company is set to issue 100% right shares, amounting to Rs. 1.86 Arba or 18,679,626 units, to its existing shareholders. This move is intended to finance investments in the Likhu Khola Hydropower Project and repay loans associated with the Kabeli ‘B’-1 Cascade Hydropower Project. After the adjustment, the company’s paid-up capital will rise from Rs. 1.86 Arba to Rs. 3.72 Arba. Muktinath Capital Limited is appointed as the issue manager for AHPC. The current closing share price for AHPC is Rs. 236.60.”

  • United Mewa Khola Hydropower Enters IPO Agreement with Citizens Capital for “Mewa Khola Jalbidhyut Ayojana” Project”

    United Mewa Khola Hydropower Enters IPO Agreement with Citizens Capital for “Mewa Khola Jalbidhyut Ayojana” Project”


    In a ceremony held at Dillibazar, Kathmandu, United Mewa Khola Hydropower Limited officially entered into an Initial Public Offering (IPO) Issue Management Agreement with Citizens Capital Limited. The agreement, signed by Mr. Aashish Thapa, the Executive Chairman of United Mewa Khola Hydropower Limited, and Mr. Sabir Bade Shrestha, the CEO of Citizens Capital Limited, outlines the collaboration for managing the IPO.

    Under the terms of the agreement, Citizens Capital Limited, a subsidiary of Citizens Bank International Limited, will take charge of overseeing the Initial Public Offering for United Mewa Khola Hydropower Limited. The IPO aims to issue ordinary shares to both affected locals and the general public.

    United Mewa Khola Hydropower Limited is currently engaged in the development of its project titled “Mewa Khola Jalbidhyut Ayojana” situated in Taplejung District. This hydropower project is designed to generate 50 megawatts of power. The signing of the IPO Issue Management Agreement marks a significant step for United Mewa Khola Hydropower Limited as it progresses towards making its shares available to the public through the IPO managed by Citizens Capital Limited.

  • Upper Tamakoshi Hydropower auction share

    Upper Tamakoshi Hydropower auction share


    What would be the right price to apply for auction share of upper tamakoshi hydropower ?

    View on r/NepalStock by Key-Pop5512

  • Kutheli Bukhari Small Hydropower and Green Ventures Limited announces AGM with specific agendas

    Kutheli Bukhari Small Hydropower and Green Ventures Limited announces AGM with specific agendas


    Kutheli Bukhari Small Hydropower Limited (KBSH) has called its 12th AGM on Poush 27, 2080. The meeting will be held in German Homes Hospitality Pvt. Ltd., Gatthaghar, Bhaktapur, starting at 11:30 am that day.

    These are the agendas of the AGM:

    1) Endorsement of financial reports for the fiscal year 2079/80.
    2) Endorse the auditor’s report of 2079/080 with PNL statements, financial reports, and cash flow reports.
    3) Appointment of the auditor and determination of their remuneration for the fiscal year 2080/81.
    4) Election of board members from public shareholding groups.
    5) Regarding the formation of the board of directors.

    The company has not proposed any dividend for FY 2079/80.

    18th Poush is the book closure date. Therefore, the shareholders maintained before that day are entitled to attend this AGM.

    Green Ventures Limited (GVL) has called its 5th AGM on 5th Magh, 2080. The meeting will be held in Baneshwor Banquet, Kathmandu, starting at 11 AM that day.

    These are the agendas of the AGM:

    1) Endorsement of the annual report of the company.
    2) Endorse the financial and auditor’s reports with PL statements, financial reports, and cash flow reports for FY 2079/80.
    3) Endorse the appointment of the auditor for the fiscal year 2080/81.
    4) Elect a director from the public shareholding group.
    5) To determine the meeting allowance of the board of directors.
    6) Miscellaneous.

    The book closure date is from Poush 20. Thus, shareholders maintained before that day can attend the AGM.

  • Upper Tamakoshi Hydropower to Auction 1.7 Million Unsold Ordinary Right Shares

    Upper Tamakoshi Hydropower to Auction 1.7 Million Unsold Ordinary Right Shares


    Upper Tamakoshi Hydropower Limited (UPPER) is gearing up to conduct an auction for 1,70,19,530 unsold ordinary right shares that remained from its earlier 1:1 rights offering. The auction is scheduled to take place from the 13th to the 29th of Poush, 2080.

    The unsold portion of 1,70,19,530 units of ordinary right shares is the residual component from the company’s 1:1 ratio rights issuance, which was made available to its shareholders between the 18th of Bhadra and the 22nd of Ashwin, 2080. During the rights offering, only 8,88,80,470 units were allocated to eligible shareholders, leaving the remaining 1,70,19,530 units to be auctioned to the general public starting from the 13th of Poush.

    The auction is open to both individuals and institutions, and Sunrise Capital Limited has been appointed as the issue manager for this right share auction. The minimum bid rate for the auction is set at Rs. 100, with a minimum bid quantity of 100 units and a maximum bid quantity of 5,00,000 units. While bidders have the option to bid for the entire issue, they are required to adhere to regulatory guidelines limiting the quantity of shares per entity.

    As of the latest update, UPPER has a Last Traded Price (LTP) of Rs. 221.50.

  • Upper Tamakoshi Hydropower Successfully Allots 88.88 Million Units of Right Shares, Refunds Non-Allotted Investors

    Upper Tamakoshi Hydropower Successfully Allots 88.88 Million Units of Right Shares, Refunds Non-Allotted Investors


    On the 28th of Mangsir, 2080, Upper Tamakoshi Hydropower Limited (UPPER) successfully allocated 8,88,80,470 units of right shares to its shareholders. The company initiated the refund process for non-allotted investors starting from the 3rd of Poush, 2080.

    Upper Tamakoshi Hydropower Limited had conducted a 100% right shares offering, open from the 18th of Bhadra to the 22nd of Ashwin, 2080. During this offering, the hydropower company issued 10,59,00,000 units of right shares, amounting to Rs. 10.59 Arba, exclusively for its existing shareholders.

    As per the recent notice, only 8,88,80,470 units of the total right shares issued were allotted to eligible shareholders. The remaining 1,70,19,530 units of right shares will be subsequently made available for purchase through an auction. Sunrise Capital Limited served as the appointed issue manager for this process.

  • Dibyashwari Hydropower Company Reverses Right Share Issue Ratio to 1:1 Amid Strategic Capital Allocation Plans

    Dibyashwari Hydropower Company Reverses Right Share Issue Ratio to 1:1 Amid Strategic Capital Allocation Plans


    Dibyashwari Hydropower Company Limited (DHPL) has modified its previously proposed right share issue ratio. During the Board of Directors (BOD) meeting held on Mangsir 29, the company now suggests a 1:1 ratio, meaning a 100% right share issuance.

    Initially, the company had planned a 1:1 or 100% right share issuance on Ashad 10, 2080. However, a subsequent BOD meeting on Ashwin 29 retracted the earlier proposal and put forth a new plan for a 200% issuance based on the current paid-up capital in a ratio of 1:2. Nevertheless, this decision has been revised again, and the current proposal stands at a 1:1 ratio, translating to a 100% right share issuance.

    DHPL intends to allocate 51% of the capital obtained from the right issue into Five Khapan Hydropower. The company asserts that the decision to initiate the right share issuance is driven by the need to settle outstanding loans acquired from banks.

    It’s important to note that the final approval of this decision is contingent upon regulatory approval and subsequent endorsement at the upcoming Annual General Meeting (AGM) of the company. At the time of this writing, DHPL’s closing stock price is recorded at Rs. 182.

  • SEBON Approves Inclusion of Sarbottam Cement’s IPO in Pipeline, Sets Stage for Rs. 1.29 Arba Offering

    SEBON Approves Inclusion of Sarbottam Cement’s IPO in Pipeline, Sets Stage for Rs. 1.29 Arba Offering


    Sarbottam Cement Ltd.’s Initial Public Offering (IPO) has been included in the Securities Board of Nepal’s (SEBON) IPO pipeline for approval. The company intends to issue 3,600,000 unit shares to both local and general investors, with the IPO expected to generate a total of Rs. 1.29 Arba. Priced at Rs. 360.90 per share for both local and general investors, Sarbottam Cement Ltd. plans to conduct the IPO through the book-building method. Global IME Capital Ltd. has been appointed as the issue manager, and the application was submitted to SEBON on Mangsir 18, 2080. ICRA Nepal has reaffirmed Sarbottam Cement Limited’s issuer rating at [ICRANP-IR] BBB+, along with the long-term rating of [ICRANP] LBBB+ and the short-term rating of [ICRANP] A2 for the company’s bank loan limits.

    Additionally, the IPO proposal of Bikash Hydropower Company Ltd. has also been added to SEBON’s pipeline. The company has put forth a proposal to issue a total of 4,454,596 shares to both local and general investors, raising Rs. 44.54 crores. The application for this proposal was submitted on Mangsir 19, 2080, and Prabhu Capital Limited will serve as the issue manager for the public offering. ICRA Nepal has assigned an issuer rating of [ICRANP-IR] BB to Bikash Hydropower Company Limited (BHCL), indicating a moderate risk of default regarding the timely servicing of financial obligations. It’s important to note that this rating reflects a general assessment of the company’s creditworthiness and is not specific to any particular debt instrument.

  • Chilime Hydropower Company Proposes 15% Dividend and Announces AGM for Fiscal Year 2079/80

    Chilime Hydropower Company Proposes 15% Dividend and Announces AGM for Fiscal Year 2079/80


    Chilime Hydropower Company Limited (CHCL) has recommended a dividend of 15% and scheduled its 27th Annual General Meeting (AGM) for Poush 20, 2080.

    During the 423rd meeting of the board of directors on Mangsir 22, the proposal included a 15% dividend for the fiscal year 2079/80. The proposed distribution comprises 10% bonus shares amounting to Rs. 72.58 Crores and a 5% cash dividend of Rs. 36.29 Crores. The company’s current paid-up capital stands at Rs. 7.25 Arba.

    To facilitate dividend distribution and the AGM, the company has set the book closure date for Poush 08. Shareholders holding positions on or before this date will be eligible for the dividend payout and can participate in the AGM.

    As of the latest update, the Last Traded Price (LTP) of CHCL shares is Rs. 479.

  • Top 5 and Bottom 5 Hydropower Stocks by their EPS

    Top 5 and Bottom 5 Hydropower Stocks by their EPS


    Top 5 and Bottom 5 Hydropower Stocks by their EPS

    View on r/NepalStock by notbroker57

  • Chirkhwa Hydropower ko IPO pareko 2 months badi vaisakyo, ajai portfolio ma dekhaudaina ta? What’s going on? Do anybody have an idea?

    Chirkhwa Hydropower ko IPO pareko 2 months badi vaisakyo, ajai portfolio ma dekhaudaina ta? What’s going on? Do anybody have an idea?


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    View on r/NepalStock by ayudraws

  • United Modi Hydropower Limited (UMHL) Proposes 100% Right Share Issuance for Project Investment

    United Modi Hydropower Limited (UMHL) Proposes 100% Right Share Issuance for Project Investment


    United Modi Hydropower Limited (UMHL) has announced its intention to issue right shares in the ratio of 1:1 or 100% right shares, as per the decision made during the recent Board of Directors meeting on Mangsir 13. The proposal aims to release 100% right shares on the existing paid-up capital of Rs. 1.23 Arba, with the objective of securing funds for investment in its ongoing hydropower projects. If approved, this issuance will lead to an additional 12,305,000 units of right shares, causing the company’s paid-up capital to surge to Rs. 2.46 Arba. However, the issuance is contingent upon obtaining approvals from regulatory bodies, specifically the Electricity Regulatory Commission and the Securities Board of Nepal (SEBON), followed by endorsement at the upcoming Annual General Meeting (AGM) of the company. UMHL’s closing stock price stood at Rs. 184 in the latest trading session.