Tag: Hydropower

  • Sanima Mai Hydropower Company Reports 6.02% Increase in Q1 Net Profit and Strategic Investments

    Sanima Mai Hydropower Company Reports 6.02% Increase in Q1 Net Profit and Strategic Investments


    Sanima Mai Hydropower Company Limited (SHPC) has reported a positive performance in the first quarter of the fiscal year 2080/81, demonstrating a 6.02% increase in net profit. The company’s net profit climbed to NPR 24.92 crores, up from NPR 23.5 crores in the same quarter of the previous year.

    This growth was primarily supported by a 2.43% increase in revenue generated from electricity sales, reaching NPR 32.98 crores. Additionally, SHPC managed to significantly reduce both plant operating expenses and financial expenses by 19.33% and 19.59%, respectively, in comparison to the previous year’s quarter.

    Up to the end of Ashwin 2080, the Mai Hydropower Plant (22MW) and Mai Cascade Hydropower Plant (7MW) generated impressive revenues of NPR 24.81 crores and NPR 8.17 crores, respectively.

    Furthermore, SHPC strategically invested a total of NPR 2.74 arba in subsidiary projects, including ventures in Swet Ganga Hydropower and Construction Limited, Sanima Middle Tamor Hydropower Limited, Mathilo Mailun Khola Jalvidhyut Hydropower Limited, Bavari Construction P Limited, and Sanima Jum Hydropower Limited. These investments underscore the company’s commitment to expansion and diversification.

    With a share capital of NPR 3.08 Arba and retained earnings of NPR 1.42 Arba, SHPC demonstrated an annualized Earnings Per Share (EPS) of NPR 32.37 and a net worth per share of NPR 164.17. The company’s Price/Earnings (P/E) ratio stands at 8.83 times.

     

  • NHPC Lists Right Shares on NEPSE After Successful Allotment and Auction

    NHPC Lists Right Shares on NEPSE After Successful Allotment and Auction


    National Hydro Power Company Limited (NHPC) has successfully listed 82,21,459.7178 units of right shares on the Nepal Stock Exchange (NEPSE). The company had previously issued these right shares to its shareholders at a ratio of 10:5, allowing them to subscribe to the offering from 29th Ashad to 18th Shrawan, 2080.

    Of the total 82,21,459.7178 unit right shares made available, eligible shareholders of NHPC submitted applications for 68,84,717 units, and these shares were duly allocated to the applicants.

    Subsequently, the company organized an auction for the remaining 13,36,742.7178 units of unsubscribed right shares, which took place from 13th Bhadra to 24th Bhadra, 2080. The auction was managed by Muktinath Capital.

    At the time of reporting, NHPC’s Last Traded Price (LTP) stands at Rs. 145. This information provides an overview of the company’s recent financial activity and share performance in the market.

  • Solu Hydropower and Taksar Pikhuwa Khola Hydropower Seek Approval for IPOs in Nepal

    Solu Hydropower and Taksar Pikhuwa Khola Hydropower Seek Approval for IPOs in Nepal


    Solu Hydropower Limited’s Initial Public Offering (IPO) has been added to the approval pipeline of SEBON (Securities Board of Nepal). The company intends to issue 20,000,000 unit shares to both local and general investors, with the IPO expected to generate a total of Rs. 2 Arba.

    Nabil Investment Banking Limited has been designated as the issue manager responsible for overseeing the IPO process. The application for this IPO was submitted to SEBON on Ashwin 23, 2080.

    Infomerics Credit Rating Nepal Limited (Infomerics Nepal) has assigned an issuer rating of IRN BB (Is) [Double B (Issuer)] to Solu Hydropower Limited. This rating suggests a moderate level of default risk in terms of meeting financial obligations.

    Similarly, the IPO proposal of Taksar Pikhuwa Khola Hydropower Limited has also been included in SEBON’s IPO pipeline. Taksar Pikhuwa Khola Hydropower Limited has presented a proposal to the capital market regulator to issue a total of 4,230,668 shares to both local and general investors, raising an amount of Rs. 42.30 crores for the company. The application for this IPO was submitted on Ashwin 26, 2080.

    Prabhu Capital Limited has been appointed as the issue manager for the public offering of Taksar Pikhuwa Khola Hydropower Limited.

    CARE Ratings Nepal Limited (CRNL) has reaffirmed a rating of ‘CARE-NP BB’ for the long-term bank facilities of Taksar Pikhuwa Khola Hydropower Private Limited (TPKH).

  • Dibyashwari Hydropower Company (DHPL) Proposes 200% Right Share Issue to Clear Loans

    Dibyashwari Hydropower Company (DHPL) Proposes 200% Right Share Issue to Clear Loans


    Dibyashwari Hydropower Company Limited (DHPL) has revised its proposal for issuing right shares, as decided during a Board of Directors (BOD) meeting held on Ashwin 29. The initial plan was to offer 1:1 or 100% right shares, announced on Ashad 10, 2080. However, the BOD meeting on Ashwin 29 decided to cancel the previous proposal and instead put forward a new plan to issue 1:2 or 200% right shares based on the current paid-up capital.

    DHPL has also specified its intention to invest 51% of the capital generated from the right issue into the Five Khapan Hydropower project. The company cites the need to clear outstanding loans acquired from banks as a primary reason for this decision.

    It’s important to note that the implementation of this decision is contingent on approval from the relevant regulatory authorities and subsequent endorsement at the upcoming Annual General Meeting (AGM) of the company.

    In terms of financial performance, DHPL reported a net loss of Rs 3.82 Crore while generating revenue of Rs 8.60 Crores from power sales. The company has a power generation capacity of 3.3 MW.

    As of the latest available data, DHPL’s stock closed at Rs. 142 in the previous trading session.

  • SEBON Adds Six New IPO Proposals to Pipeline, Featuring Hydropower, Other, and Manufacturing Sectors

    SEBON Adds Six New IPO Proposals to Pipeline, Featuring Hydropower, Other, and Manufacturing Sectors


    The Securities Board of Nepal (SEBON) is considering six new IPO proposals from various companies. Among them, Apex Hospitality Limited has applied to issue 2,400,000 shares, aiming to generate Rs. 24 crores for their company. This application was submitted on Ashwin 12, 2080, and Himalayan Capital Limited will serve as the issue manager for the public offering.

    Infomerics Credit Rating Nepal Limited (Infomerics Nepal) has granted an issuer rating of IRN B+ (Is) [Single B Plus (Issuer)] to Apex Hospitality Limited. This rating signifies a relatively high risk of default in meeting financial obligations on time.

     

  • NHPC Lists 25,000 More Shares on NEPSE Post-Sunkoshi Hydropower Acquisition

    NHPC Lists 25,000 More Shares on NEPSE Post-Sunkoshi Hydropower Acquisition


    National Hydropower Company Limited (NHPC) recently added 25,000 more shares to the Nepal Stock Exchange (NEPSE) following their successful acquisition of Sunkoshi Hydropower. The acquisition was carried out at a swap ratio of 1:0.25, meaning for every share of Sunkoshi Hydropower, NHPC issued 0.25 of their shares. Prior to the acquisition, NHPC had a total of 1,64,17,921 listed shares, which has now increased to 1,64,42,920 shares after the acquisition. NHPC’s closing share price today was Rs. 144.

     

  • Upper Tamakoshi Hydropower’s 100% Right Shares Issue Falls Short on Subscriptions

    Upper Tamakoshi Hydropower’s 100% Right Shares Issue Falls Short on Subscriptions


    Upper Tamakoshi Hydropower Company’s attempt to issue 100% right shares didn’t get full support from its shareholders. The company aimed to boost its paid-up capital through this offering.

    They offered existing shareholders a 1:1 ratio of right shares, each valued at Rs. 100. Shareholders could subscribe from the 18th of Bhadra to the 22nd of Ashwin, 2080. A total of 105,900,000 right shares, worth Rs. 10.59 Arba, were available. If successful, this would have increased the company’s paid-up capital to Rs. 21.18 Arba.

     

  • IPO Shares of Mandu Hydropower and Hathway Investment Nepal Listed in NEPSE: Opening Ranges Revealed

    IPO Shares of Mandu Hydropower and Hathway Investment Nepal Listed in NEPSE: Opening Ranges Revealed


    The initial trading range for the first transaction of IPO shares is between Rs. 124.42 and Rs. 373.26. If the company enters into an agreement with NEPSE, these IPO shares will be available for trading in the secondary market on the following day.

    A total of 2,34,00,000 unit shares were issued, with 12,05,320 units being offered to the general public at a price of Rs. 206 per share. This price includes a face value of Rs. 100 and a premium price of Rs. 106 per share. This offering took place from the 10th to the 13th of Bhadra, 2080.

    Additionally, Hathway Investment Nepal Limited (HATHY) has listed 2,34,00,000 unit IPO shares on NEPSE, encompassing shares held by promoters and those allocated to the general public.

     

  • NEPSE Falls 35.67 Points with Market Cap at Rs. 29.30 Kharba; Hydropower Index Hit Hardest

    NEPSE Falls 35.67 Points with Market Cap at Rs. 29.30 Kharba; Hydropower Index Hit Hardest


    In today’s trading, the Nepal Stock Exchange (NEPSE) Index ended at 1,921.24 points, marking a significant loss of 35.67 points or 1.82% from the previous day’s close. On Thursday, it had lost 11.04 points.

    The trading day began with the index opening at 1,963.8 and hitting a low of 1,917.69, while reaching a high of 1,964.02.

    During today’s trading, there were 289 different stocks traded in 59,171 transactions. The total volume of shares traded was 5,815,189 units, resulting in a total turnover of Rs. 1.80 Arba. The market capitalization stood at Rs. 29.30 Kharba, with a float market capitalization of Rs. 10.31 Kharba.

     

  • Lockin Balance Period for Mandakini Hydropower Limited (MHL)

    Lockin Balance Period for Mandakini Hydropower Limited (MHL)


    So, I filled the IPO of MHL as a local citizen as they were providing it for the people within my village. So, The MHL has been listed in my Mero share as well as TMS. Just wanted to know,
    How long do I have to wait to sell the shares?

    View on r/NepalStock by sanadh61

  • Among the following Hydropower, IPO which one is worth holding and which one is worth selling in your opinion?

    Among the following Hydropower, IPO which one is worth holding and which one is worth selling in your opinion?


    1)API
    2)HIDCL
    3)RFPL
    4)SHEL
    5)SJCL
    6)UPPER
    7)RHPL
    8)MBJC
    9)RHGCL
    10)SAHAS

    P.S: I have been tired of holding hydropower IPO. Needed money urgently also so planning to sell these IPO.

    View on r/NepalStock by Ill_Judgment_3543

  • Sanima Mai Hydropower Proposes 10.52% Dividend for FY 2079/80; AGM on Kartik 23

    Sanima Mai Hydropower Proposes 10.52% Dividend for FY 2079/80; AGM on Kartik 23


     

    Sanima Mai Hydropower Limited (SHPC) has recommended a dividend of 10.5263% for the fiscal year 2079/80. They have also scheduled their 12th Annual General Meeting for November 6, 2023 (Kartik 23, 2080).

    In a board meeting held on October 1, 2023 (Ashwin 15, 2080), the company decided to distribute this dividend, consisting of 0.5263% in cash and 10% in bonus shares, based on their paid-up capital of Rs. 3.08 Arba. This translates to bonus shares worth Rs. 30.89 Crores and cash dividends totaling Rs. 1.62 Crores, which includes taxes related to the bonus shares.