Tag: Upper

  • “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.

  • “NEPSE Climbs 14.81 Points; TSHL and GCIL Take Opposite Paths with Circuit Breakers”

    “NEPSE Climbs 14.81 Points; TSHL and GCIL Take Opposite Paths with Circuit Breakers”


     

    "NEPSE Climbs 14.81 Points; TSHL and GCIL Take Opposite Paths with Circuit Breakers" 3

    In today’s trading, the Nepal Stock Exchange (NEPSE) Index ended at 2,080.86 points, showing a rise of 0.71% or 14.81 points from the previous day’s close. Last week’s final trading day saw a small increase of 5.13 points.

    The trading session began with the index starting at 2,065.4 and briefly hitting a low of 2,057.70 during the day. However, the market reached a peak of 2,087.93 before settling at the closing value of 2,080.86.

     

  • “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.

  • “Upper Tamakoshi Hydropower (UPPER) Announces Book Closure Date for 100% Rights Offering”

    “Upper Tamakoshi Hydropower (UPPER) Announces Book Closure Date for 100% Rights Offering”


     

    Upper Tamakoshi Hydropower Limited (UPPER) will be offering 100% right shares to its existing shareholders. The company will issue 105,900,000 units of right shares at a 1:1 ratio. Shareholders who hold shares until Shrawan 25 will be eligible for the rights offering. The company’s paid-up capital, currently at Rs. 10.59 Arba, will double to Rs. 21.18 Arba after the issuance of the proposed right shares.

     

  • “Upper Lohore Hydropower Company Announces IPO for General Public: 19,53,279 Unit Shares from Shrawan 18”

    “Upper Lohore Hydropower Company Announces IPO for General Public: 19,53,279 Unit Shares from Shrawan 18”


     

    Upper Lohore Hydropower Company Limited has announced its plan to issue an Initial Public Offering (IPO) to the general public. The IPO will consist of 19,53,279 unit shares with a face value of Rs 100 each, starting from 18th Shrawan, 2080. The company aims to raise Rs 19.53 crore through this offering. The closing date for the IPO is initially set for the 22nd Shrawan, but it can be extended up to the 32nd Shrawan, 2080, if the issue is not fully subscribed by then.

     

  • “Upper Lohore Hydropower Allots Shares to Dailekh Locals; 59.45% Unsubscribed”

    “Upper Lohore Hydropower Allots Shares to Dailekh Locals; 59.45% Unsubscribed”


     

    Upper Lohore Hydropower Company Limited has successfully allotted IPO shares to project-affected local residents in the Dailekh District. The allotment process was concluded on the 10th of Shrawan, 2080. The company had issued 509,804 units of IPO shares, which represent 10% of the total issued capital of Rs. 50.98 Crores. Local residents from the Dailekh District were eligible to apply for these shares between 7th Ashad and 5th Shrawan. They had the option to apply for a minimum of 10 units and a maximum of 25,000 units.

  • “SEBON Approves 100% Right Shares Issuance for Upper Tamakoshi Hydropower Limited”

    “SEBON Approves 100% Right Shares Issuance for Upper Tamakoshi Hydropower Limited”


    The Securities Board of Nepal (SEBON) has given its approval for Upper Tamakoshi Hydropower Limited (UPPER) to issue 100% right shares. The company plans to issue shares worth NPR 10.59 Arba, equivalent to 105,900,000 units of right shares on a 1:1 basis to its existing shareholders. The application for this proposal was submitted to SEBON on Falgun 18, 2079.

    Once the proposed right shares are adjusted, the paid-up capital of Upper Tamakoshi Hydropower Limited will increase to NPR 21.18 Arba. Sunrise Capital has been appointed as the issue manager for this process.

    Upper Tamakoshi Hydropower Limited operates the 456-MW Upper Tamakoshi Hydroelectric Project in the Dolkha district of Bagmati Province, Nepal. As of mid-July 2022, the company’s paid-up capital stands at NPR 10,590 million, with 51% held by promoters and 49% held by the public. The project, which is the largest operational project in Nepal, is of the peaking run-of-the-river (PROR) type, with a peaking capacity of four hours, developed at a 32% probability of exceedance (Q32).

  • Upper Syange Hydropower IPO Allotment: 11,44,127 Applicants Return Empty-Handed

    Upper Syange Hydropower IPO Allotment: 11,44,127 Applicants Return Empty-Handed


     

    Upper Syange Hydropower Concludes IPO Allotment; Shares Issued to General Public

    The IPO allotment process for Upper Syange Hydropower Limited has been completed at the premises of Siddhartha Capital Limited in Kathmandu. The company had previously offered 539,500 units of IPO shares with a face value of Rs 100 to the general public from the 10th to the 13th of Ashad, 2080. Additionally, 2,20,000 shares were issued to project-affected locals in Lamjung District, and 65,000 shares were allocated to Nepalese citizens working abroad. As a result of the IPO, the promoter-public share ratio will be adjusted to 60.45:39.55.

  • “Upper Lohore Hydropower Company Limited Announces IPO Updates: Closure for Nepalese Citizens Working Abroad and Extension for Project-Affected Locals”

    “Upper Lohore Hydropower Company Limited Announces IPO Updates: Closure for Nepalese Citizens Working Abroad and Extension for Project-Affected Locals”


    Upper Lohore Hydropower Company Limited has provided updates regarding its initial public offering (IPO) of shares. The IPO is now closed to Nepalese citizens working abroad as of the 21st of Ashad, 2080. However, the deadline for project-affected locals in the Dailekh District has been extended until the 5th of Shrawan. The IPO process started on the 7th of Ashad, 2080.

    The company’s issued capital is Rs. 50.98 Crores, with 10% of the shares, worth Rs. 5.09 crores, allocated to project-affected locals in Dailekh District. Another 39% of the company’s issued capital, equivalent to 19,88,236 units, will be offered to the general public at a later date. Within the public issue, 10% of the shares, totaling 198,824 units, are reserved for Nepalese citizens working abroad, and the closing date for their participation is today.

    The minimum application quantity for both project-affected locals and Nepalese citizens working abroad is 10 units, while the maximum is 25,000 units.

    NIC Asia Capital Limited is the appointed issue manager, and after the IPO, the promoter-public share ratio will be 51:49.

    According to the Central Depository System and Clearing Limited (CDSC), 23,846 applications have been received from Nepalese citizens working abroad, with a total of 585,570 units applied for so far.

    The Upper Lohore Hydropower Company Limited has been assigned a ‘CARE-NP BB- (Is)’ rating by Credit Rating Nepal Limited (CRNL), indicating a moderate risk of default regarding financial obligations in Nepal.

    Established as a private limited company on November 10, 2017, the Upper Lohore Hydropower Company Limited has since become a public limited company. The company’s main focus is the development of the Upper Lohore Hydropower Project in the Dailekh district, with a capacity of 4MW as a run-of-the-river type project.

  • Upper Syange Hydropower’s IPO Oversubscribed 18.43 Times; Last Day to Apply.

    Upper Syange Hydropower’s IPO Oversubscribed 18.43 Times; Last Day to Apply.


    Upper Syange Hydropower Limited has announced the closure of its Initial Public Offering (IPO) for 539,500 shares with a face value of Rs 100 each. The IPO was open to the general public from July 10th, 2080, and concluded on July 13th, 2080. The company aimed to raise Rs 5.39 crore from this offering, which will increase its paid-up capital to Rs 22 crores. Out of the total 650,000 units, 10% (65,000 units) were allotted to Nepalese citizens working abroad, 5% (32,500 units) were reserved for mutual funds, and 2% (13,000 units) were set aside for the company’s employees. The remaining 539,500 units were available for the general public to purchase.