Tag: Hydropower

  • “Citizens Capital Partners with Thulo Khola Hydropower for IPO Management; Myagdi’s 22.5 MW Project Set to Offer Shares”

    “Citizens Capital Partners with Thulo Khola Hydropower for IPO Management; Myagdi’s 22.5 MW Project Set to Offer Shares”


     

    In an event held at Sundhara, Kathmandu, Thulo Khola Hydropower Limited and Citizens Capital Limited signed an agreement for the management of their Initial Public Offering (IPO). The agreement was formalized by Mrs. Shweta Adhikari Panth, Director of Thulo Khola Hydropower Limited, and Mr. Sabir Bade Shrestha, CEO of Citizens Capital Limited.

    Under this agreement, Citizens Capital Limited, a subsidiary of Citizens Bank International Limited, will oversee the IPO process for Thulo Khola Hydropower Limited. The main objective of the IPO is to issue ordinary shares to local residents who are affected by the project, as well as to the general public.

  • “Lucky 2,27,662 Applicants Secure 10 Units Each in Manakamana Engineering Hydropower IPO Allotment”

    “Lucky 2,27,662 Applicants Secure 10 Units Each in Manakamana Engineering Hydropower IPO Allotment”


     

    The allocation of IPO shares for Manakamana Engineering Hydropower Limited has been completed today at the B.O.K Capital Markets Limited premises in Kathmandu. The hydropower company offered 2,276,620 shares at a face value of Rs 100 each to the public for subscription from the 28th to the 31st of Shrawan, 2080.

    Initially, the company had issued 800,000 shares worth Rs. 8 crores to people affected by the project in Dolakha District. However, only 183,380 shares, which accounts for 22.92%, were allotted to eligible applicants. As a result, the remaining 616,620 unsold shares from the project-affected locals’ quota have been combined with 2,000,000 shares (25% of the total issued capital, reserved for the general public), resulting in a total of 2,616,620 shares available for the general public.

     

  • “Upper Tamakoshi Hydropower’s Offer Letter Released for Right Shares Issue Opening on Bhadra 18”

    “Upper Tamakoshi Hydropower’s Offer Letter Released for Right Shares Issue Opening on Bhadra 18”


     

    Upper Tamakoshi Hydropower Limited has released an offer letter to introduce its 100% rights shares. As per the publicly disclosed offer letter, the company plans to accept applications for these right shares at a 1:1 ratio, or 100%, from the 18th of Bhadra to the 7th of Ashwin, 2080.

    The hydropower firm intends to distribute 105,900,000 units of right shares, totaling Rs. 10.59 Arba, to its existing shareholders. This issuance will lead to a subsequent increase in the company’s paid-up capital to Rs. 21.18 Arba following the adjustment of the proposed right shares.

     

  • “Final Day for Manakamana Engineering Hydropower IPO Applications; 1.308 Crore Units Received”

    “Final Day for Manakamana Engineering Hydropower IPO Applications; 1.308 Crore Units Received”


    Manakamana Engineering Hydropower Limited is concluding the offering of its 2,276,620 unit IPO shares with a face value of Rs 100 each, starting today on the 31st of Shrawan, 2080. This date marks the early closing deadline for the IPO.

    Should the issue not have garnered full subscriptions by the 31st of Shrawan, the closing date could have been extended until the 10th of Bhadra, 2080.

    According to information from CDS and Clearing Limited, as of Wednesday morning, the total number of applications received for the issue has reached 1,168,454, accounting for 13,089,350 unit shares. In monetary terms, this translates to Rs. 1.3089 Arba.

     

  • “Closing Today: Auction of 15,77,211 Unclaimed Right Shares by Himal Dolakha Hydropower Company”

    “Closing Today: Auction of 15,77,211 Unclaimed Right Shares by Himal Dolakha Hydropower Company”


    Himal Dolakha Hydropower Company Limited (HDHPC) is wrapping up the sale of 15,77,211 regular shares to the public, starting today, the 29th of Shrawan, 2080. The auction began on the 22nd of Shrawan.

    The auction includes 15,77,211 units of regular shares that were not claimed during the initial offering. Earlier, the company had offered existing shareholders a chance to purchase additional shares at a ratio of 1 share for every 0.75 shares they owned, between the 22nd of Jestha and the 25th of Ashad, 2080. The remaining unsold shares from this offering are now up for auction, accessible to everyone. These unsold shares constitute 13.14% of the overall shares initially offered to the company’s shareholders. Both individuals and institutions have the opportunity to participate in the bidding process.

     

  • “Bhagawati Hydropower IPO: 712,220 Shares for General Public from Bhadra 05”

    “Bhagawati Hydropower IPO: 712,220 Shares for General Public from Bhadra 05”


     

    Bhagawati Hydropower Development Company Limited is set to release 712,220 IPO shares starting from the 5th of Bhadra, 2080. The initial application deadline for this offering is on the 8th of Bhadra, with a possibility of extension until the 19th of Bhadra, if the subscription target is not met.

    Among the total 858,097 units, 10% (85,810 units) have already been allocated to Nepalese citizens working abroad, 5% (42,905 units) are reserved for mutual funds, and 2% (17,162 units) are set aside for the company’s employees. The remaining 712,220 units are available for the general public.

    These shares are being offered at a price of Rs. 116 per share, which includes a premium of Rs. 16 along with the Rs. 100 face value.

     

  • “Upper Lohore Hydropower IPO Allotment Completed: Details and Share Availability”

    “Upper Lohore Hydropower IPO Allotment Completed: Details and Share Availability”


     

    The allotment for Upper Lohore Hydropower Company Limited’s Initial Public Offering (IPO) was completed today at Kaji Kitchen, Battisputali, Kathmandu. NICA Asia Capital acted as the issue manager for this IPO. The company had initially issued 19,53,279 IPO shares with a face value of Rs 100 each to the public from 18th to 22nd Shrawan, 2080.

    Earlier, the company had also issued 509,804 shares worth Rs. 5.09 crores to locals affected by the project in Dailekh District. However, only 206,760 units (40.55%) of these shares were allocated to eligible applicants. As a result, the remaining 303,044 units of unsubscribed shares from the project-affected locals were combined with 19,88,236 units (39% of the total issued capital) set aside for the general public. This brought the total number of units available to the general public to 22,91,280.

  • “Molung Hydropower’s IPO Release Followed by Disappointing Q4 Report; EPS at Rs. -1.42”

    “Molung Hydropower’s IPO Release Followed by Disappointing Q4 Report; EPS at Rs. -1.42”


     

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    Molung Hydropower Company Limited (MHCL) has released its Q4 financial report for the recently concluded fiscal year 2079-80, revealing a net loss of Rs. 1.14 crores. In comparison, during the same period in the previous fiscal year 2078-79, the company had recorded earnings of Rs. 55.46 lakhs.

    The drop in net profits has led to a decrease in the company’s Earnings per Share (EPS), which now stands at Rs. -1.42. Additionally, the Net worth per Share has fallen below par, reaching just Rs. 75.80.

     

  • “Final Day for Eligibility: Upper Tamakoshi Hydropower 1:1 Rights Offering”

    “Final Day for Eligibility: Upper Tamakoshi Hydropower 1:1 Rights Offering”


    Today marks the final opportunity for eligibility in the rights offering of Upper Tamakoshi Hydropower Limited (UPPER).

    The company plans to distribute 100% right shares by releasing 105,900,000 (1:1) units of right shares to its current shareholders. Currently, the company’s paid-up capital stands at Rs. 10.59 Arba. With the implementation of the intended right share, the company’s paid-up capital will surge to Rs. 21.18 Arba.

     

  • “Ghorahi Cement, Three Star, and Upper Syange Hydropower IPO Shares Listed on NEPSE”

    “Ghorahi Cement, Three Star, and Upper Syange Hydropower IPO Shares Listed on NEPSE”


     

    NEPSE has listed 39,719,006 units of IPO shares from Ghorahi Cement Industry Limited, which include shares held by promoters, those given to the public, and locals affected by the project. These shares have an initial price range of Rs. 226.61 to Rs. 679.83 for the first trade. If the company and NEPSE sign an agreement, the IPO shares will be available for secondary market trading the following day.

    Among the total shares worth Rs. 3.97 Arba, 69,11,670 units were offered to the general public during the Initial Public Offering held from Ashad 22-25, 2080.

     

  • “Upper Lohore Hydropower IPO Oversubscribed 6.13x; Closes Today”

    “Upper Lohore Hydropower IPO Oversubscribed 6.13x; Closes Today”


     

    Upper Lohore Hydropower Company Limited has announced the conclusion of its Initial Public Offering (IPO) for 19,53,279 shares with a face value of Rs 100 each, effective today, the 22nd of Shrawan, 2080. The IPO campaign was initiated on the 18th of Shrawan, 2080.

    Initially, the company had distributed 509,804 shares valued at Rs. 5.09 crores to individuals impacted by the project in Dailekh District. However, only 206,760 shares, accounting for 40.55% of the total, were successfully allocated to eligible applicants. Consequently, the remaining 303,044 unsubscribed shares from the affected locals are now combined with 19,88,236 shares (which constitutes 39% of the total issued capital) set aside for the general public. This brings the total available shares for the general public to 22,91,280 units.

  • IMandu Hydropower Allots IPO Shares to Overseas Nepalese on 21st Shrawan

    IMandu Hydropower Allots IPO Shares to Overseas Nepalese on 21st Shrawan


     

    Mandu Hydropower Limited has assigned shares from its Initial Public Offering (IPO) to Nepalese individuals employed overseas. The distribution process ended on the 21st of Shrawan, 2080. This allotment event occurred at the office of Prabhu Capital Limited, the hydropower company’s designated issue manager, located in Kamaladi.