Tag: Khola

  • Khani Khola Hydropower Company’s Rs. 46.57 Crore Right Share Issue Under SEBON Review

    Khani Khola Hydropower Company’s Rs. 46.57 Crore Right Share Issue Under SEBON Review


    The Securities Exchange Board of Nepal (SEBON) has included the right shares of Khani Khola Hydropower Company Limited (KKHC) in its preliminary review process. The company submitted the application to the board on Falgun 17, 2080.

    Khani Khola Hydropower Company Limited plans to issue 100% right shares, amounting to Rs. 46.57 Crores. This will involve the issuance of 4,657,143 (1:1) units of right shares to its existing shareholders. Currently, the company’s paid-up capital stands at Rs. 46.57 Crore. With the proposed right share adjustment, the paid-up capital is set to increase to Rs. 93.14 Crore.

    Citizens Capital Limited has been appointed as the issue manager for this process.

  • Dordi Khola Hydropower Taps Sanima Capital as Issue Manager for 1:1 Rights Offering

    Dordi Khola Hydropower Taps Sanima Capital as Issue Manager for 1:1 Rights Offering


    Dordi Khola Hydropower Company Limited (DORDI) has selected Sanima Capital Limited as the exclusive issue manager for its upcoming 1:1 ratio rights issue, according to an announcement from the Nepal Stock Exchange (NEPSE).

    In the upcoming rights issue, the hydropower company plans to issue 10,542,604 (1:1) units of right shares, equal to 100% of its existing shares, to its current shareholders. Currently, the company’s paid-up capital stands at Rs. 1.05 Arba, and the proposed right share issuance aims to significantly boost the financial structure, bringing the paid-up capital to Rs. 2.11 Arba after the adjustment of 1.05 crores units.

     

  • Rangoon Khola Hydropower Announces AGM on Falgun 9, IPO Issuance Key Agenda

    Rangoon Khola Hydropower Announces AGM on Falgun 9, IPO Issuance Key Agenda


    Rangoon Khola Hydropower Limited is set to convene its inaugural Annual General Meeting (AGM) on the 9th of Falgun, 2080. The meeting, scheduled to commence at 11:00 AM at the Company’s Register Office in Sukedhara, Kathmandu, holds significant importance as it addresses crucial agenda items. Among them, the AGM will focus on the endorsement of the company’s annual report, including key financial aspects such as profit and loss statements, financial reports, and cash flow reports for the fiscal year 2079/80. Additionally, the shareholders will deliberate on the appointment of auditors and determine their remuneration, shaping the financial oversight and transparency of Rangoon Khola Hydropower Limited in the upcoming fiscal year. This AGM serves as a pivotal moment for stakeholders to contribute to the strategic decisions and financial governance of the hydropower company.

     

  • Puwa Khola-1 Hydropower Partners with LS Capital for IPO Management

    Puwa Khola-1 Hydropower Partners with LS Capital for IPO Management


    Puwa Khola-1 Hydropower Limited is set to make a significant market debut by appointing LS Capital Limited as the IPO issue and sales manager for its upcoming public offering. The hydropower company plans to release 19,46,660 ordinary shares to the general public, each carrying a face value of Rs 100. The strategic move towards IPO comes on the heels of the successful completion and operation of their 4 MW hydropower project situated in the picturesque Ilam district. Managing Director Mr. Kadam KC, representing Puwa Khola-1 Hydropower, and Mr. Bijay Lal Shrestha, CEO of Laxmi Sunrise Capital Limited, officially sealed the agreement. Investors now have the opportunity to be part of this forward-looking venture, contributing to both sustainable energy development and the economic growth of the region. The collaboration with LS Capital Limited further reinforces Puwa Khola-1 Hydropower’s commitment to bringing clean energy solutions to the forefront of the market, paving the way for a greener and more sustainable future.

     

  • 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.

  • Mathillo Mailun Khola Jalvidhyut IPO Allotment Concluded; 128,420 out of 11,85,642 Valid Applicants Get 10 Units Each

    Mathillo Mailun Khola Jalvidhyut IPO Allotment Concluded; 128,420 out of 11,85,642 Valid Applicants Get 10 Units Each


    The IPO allotment process for Mathillo Mailun Khola Jalvidhyut Limited has been successfully completed at the offices of the issue manager, Sanima Capital Limited in Kathmandu. The company had previously offered 12,84,200 unit IPO shares at a par value of Rs. 100 to the general public during the period from the 18th to the 22nd of Ashwin in the year 2080.

    Prior to this, the company had issued 10,00,000 unit shares to project-affected individuals from Rasuwa and Nuwakot Districts, of which only 990,800 units were allocated to eligible applicants. Consequently, the remaining 9,200 units of unsubscribed shares from project-affected locals were combined with the 15,00,000 units designated for the general public.

    Out of the total 15,09,200 units offered to the public, 1,50,000 units were already issued and assigned to Nepalese citizens working abroad, and 75,000 units were allocated for mutual funds. The remaining 12,84,200 units were earmarked for the general public.

    The IPO offering received an overwhelming response with applications from 11,85,642 valid applicants who collectively applied for a total of 1,28,66,060 units. This level of interest resulted in an oversubscription rate of over 10.01 times. In accordance with the allotment module, 128,420 applicants were selected via lottery and allotted 10 units each, while the remaining 10,57,222 applicants did not receive any shares.

    Furthermore, 75,000 units were allotted to mutual funds, and 4,654 applicants who had applied for 65,220 units were disqualified from receiving any shares.

    The IPO results are accessible through CDSC IPO Result, MeroShare, and Sanima Capital Limited. Additionally, CARE Ratings Nepal Limited (CRNL) has assigned a ‘CARE-NP BB-‘ rating to Mathillo Mailun Khola Jalvidhyut Limited, indicating a moderate risk of default concerning the timely servicing of financial obligations in Nepal.

    Mathillo Mailun Khola Jalvidhyut Limited is a public limited company, established on August 14, 2012. It is promoted by institutional investors, predominantly associated with the Sanima Hydro group, as well as other institutions such as banks and insurance companies. The company’s primary purpose is to establish a 14.3 MW run-of-river Mathillo Mailun Khola Jalvidhyut Project in the BOOT (Build, Own, Operate and Transfer) mechanism, situated in the Rasuwa district of Nepal.

  • 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).

  • IPO Allotment for Mathillo Mailun Khola Jalvidhyut Oversubscribed by 10.83 Times

    IPO Allotment for Mathillo Mailun Khola Jalvidhyut Oversubscribed by 10.83 Times


    The IPO allotment for Mathillo Mailun Khola Jalvidhyut Limited is scheduled for this Friday, specifically on the 3rd of Kartik, 2080. The allotment process will take place at the premises of the issue manager, Sanima Capital, located in Kathmandu.

    Out of the total offering of 15,09,200 units, a portion of 1,50,000 units has been earmarked for Nepalese citizens working abroad, while another 75,000 units have been allocated for mutual funds. The remaining 12,84,200 units are set aside for the general public, with each unit valued at its par value of Rs 100.

    Data from the Central Depository and Clearing Company (CDSC) reveals that a staggering 12,51,183 applicants have applied for a total of 13,901,800 units, amounting to Rs. 1.39 Arba. Consequently, it’s evident that the offering has been significantly oversubscribed by a factor of 10.83 times up until the closing day.

    Analyzing these statistics, it becomes apparent that only 1,28,420 fortunate applicants will be granted ownership of shares in the company.

    CARE Ratings Nepal Limited (CRNL) has bestowed a rating of ‘CARE-NP BB-‘ upon Mathillo Mailun Khola Jalvidhyut Limited. This rating signifies that issuers with this rating are associated with a moderate level of risk regarding their ability to meet financial obligations punctually within the context of Nepal.

  • Mathillo Mailun Khola Jalvidhyut IPO Receives Rs. 1.39 Arba from 12.51 Lakh Applicants; Oversubscribed 10.83 Times

    Mathillo Mailun Khola Jalvidhyut IPO Receives Rs. 1.39 Arba from 12.51 Lakh Applicants; Oversubscribed 10.83 Times


     

    Mathillo Mailun Khola Jalvidhyut Limited conducted its Initial Public Offering (IPO), releasing 12,84,200 unit shares to the public from the 18th to the 22nd of Ashwin, 2080.

    Out of a total of 15,09,200 units, 1,50,000 units were exclusively available to Nepalese citizens working abroad, and 75,000 units were allocated to mutual funds. The remaining 12,84,200 units were open for the general public.

    Sanima Capital served as the appointed issue manager for this IPO, and applicants could apply for a minimum of 10 units and a maximum of 10,000 units.

     

  • “IPO Shares of Upper Lohore Khola Hydropower Listed on NEPSE with Opening Ranges”

    “IPO Shares of Upper Lohore Khola Hydropower Listed on NEPSE with Opening Ranges”


    The Upper Lohore Khola Hydropower Company Limited has successfully listed 50,98,040 units of its IPO shares on the Nepal Stock Exchange (NEPSE). This figure includes shares held by the company’s promoters as well as shares issued to the general public and project-affected locals.

    For the first trading day, the IPO shares will be available in a price range of Rs. 97.87 to Rs. 293.61. If the company enters into an agreement with NEPSE, these shares will become tradable in the secondary market on the following day.

    Out of the total shares offered, which are valued at Rs. 50.98 Crore, 19,53,279 units worth Rs. 19.53 Crores were made available to the general public during the IPO period, which ran from the 18th to the 22nd of Shrawan in the year 2080.

     

  • Mathillo Mailung Khola Jalbidhyut Allots IPO Shares to Project-Affected Residents in Rasuwa and Nuwakot Districts

    Mathillo Mailung Khola Jalbidhyut Allots IPO Shares to Project-Affected Residents in Rasuwa and Nuwakot Districts


    Mathillo Mailung Khola Jalbidhyut Limited has successfully allocated its Initial Public Offering (IPO) shares to local residents directly impacted by the project in Rasuwa and Nuwakot Districts. The allocation process concluded on the 1st of Ashwin, 2080, following an offering of 10,00,000 units of IPO shares, which represent 10% of the company’s total issued capital amounting to Rs. 1 Arba. This offering was exclusively available to residents in the Rasuwa and Nuwakot Districts and was open for applications from the 4th of Shrawan to the 17th of Bhadra. Local residents had the opportunity to apply for a minimum of 10 shares and a maximum of 10,000 shares.

    According to a recent notice issued by the company, approximately 990,800 units of IPO shares, or 99.08% of the total offering, have been successfully allotted to eligible applicants from the project-affected areas. Consequently, the remaining 9,200 units will soon be made available to the general public. In addition to this, the company plans to issue an additional 15,00,000 units, representing 15% of the total issued capital.

    CARE Ratings Nepal Limited (CRNL) has assigned a rating of ‘CARE-NP BB-‘ to Mathillo Mailun Khola Jalvidhyut Limited. This rating indicates a moderate risk of default in terms of the company’s ability to meet its financial obligations in Nepal.

    Mathillo Mailun Khola Jalvidhyut Limited is a publicly traded company established on August 14, 2012. The company’s establishment was facilitated by institutional investors, primarily associated with the Sanima Hydro Group, as well as other financial institutions, including banks and insurance companies. Its primary objective is to develop a 14.3 MW run-of-river project known as the Mathillo Mailun Khola Jalvidhyut Project, located in the Rasuwa district of Nepal, under the BOOT (Build, Own, Operate, and Transfer) mechanism.

  • “Mai Khola Hydropower Calls AGM on 9th Ashwin to Discuss 100% Right Shares Issuance”

    “Mai Khola Hydropower Calls AGM on 9th Ashwin to Discuss 100% Right Shares Issuance”


     

    Mai Khola Hydropower Limited (MKHL) has scheduled its Annual General Meeting (AGM) for the 9th of Ashwin, 2080. The meeting will take place at Lord Party Venue in Dhumbarahi, Kathmandu, commencing at 9 a.m.

    The AGM’s agenda includes the following items:
    1) Approval of the financial reports for the fiscal year 2079/80.
    2) Endorsement of the auditor’s report, including PL statements, financial reports, and cash flow reports.
    3) Confirmation of the auditor’s appointment for the fiscal year 2080/81.
    4) Ratification of decisions and actions taken by the Board of Directors.
    5) Authorization to issue 100% right shares from the current paid-up capital of Rs. 31.21 Crores.
    6) Consideration of changing the company’s location.
    7) Amendment of the Articles of Association following an increase in the authorized, issued, and paid-up capital of the company.
    8) Miscellaneous matters.