Tag: Vision

  • End of Lock-in Period: VLUCL Notifies Investors Regarding Mutual Fund Shares

    End of Lock-in Period: VLUCL Notifies Investors Regarding Mutual Fund Shares


    Vision Lumbini Urja Company Limited (VLUCL) has informed its investors and stakeholders about the impending end of the lock-in period for 95,625 unit shares held by Mutual Funds. This lock-in period, in accordance with the latest directives from the Securities Board of Nepal (SEBON), is scheduled to expire on the 4th Jestha, 2081.

    VLUCL, with a total of 19,125,000 units of shares listed on the Nepal Stock Exchange (NEPSE), reserved 5 percent of these shares exclusively for Mutual Funds. Consequently, 95,625 unit shares were issued and are currently under the lock-in period.

    In compliance with SEBON’s directives, these 95,625 units were subjected to a lock-in period, which is set to conclude on the 4th Jestha, 2081, as communicated to investors and stakeholders.

    As of the previous trading day, VLUCL closed at Rs. 507.00.

  • Vision Lumbini Urja IPO Allotment: High Demand with Oversubscription of 6.54 Times

    Vision Lumbini Urja IPO Allotment: High Demand with Oversubscription of 6.54 Times


    The Vision Lumbini Urja Company Limited’s Initial Public Offering (IPO) allotment is scheduled for the upcoming Tuesday, the 5th of Mangsir, 2080. The allotment ceremony will take place at the premises of the issue manager, Muktinath Capital Limited, located in Kathmandu.

    Out of the total 2,400,410 units available, a portion has already been designated for specific groups. Specifically, 191,250 units have been allotted to Nepalese citizens working abroad, 95,625 units are earmarked for mutual funds, and 38,250 units are set aside for the company’s employees. The remaining 2,075,285 units are open for subscription by the general public at a par value of Rs. 100.

    As reported by the Central Depository and Clearing Company (CDSC), a substantial response was received, with 1,194,820 applicants applying for a total of 135,761,60 units, amounting to Rs. 1.35 Arba as of the closing day. This indicates an oversubscription of 6.54 times the available units. Consequently, only 207,528 fortunate applicants will be successful in acquiring ownership stakes in the company.

    In terms of credit ratings, ICRA Nepal has reaffirmed Vision Lumbini Urja Company Limited’s long-term rating at [ICRANP] LBB- (pronounced ICRA NP L double B minus) for its long-term loan limits. Additionally, the short-term rating of [ICRANP] A4 (pronounced ICRA NP A four) has been reaffirmed for its short-term loan limits.

  • Last Day to Apply for IPO of Vision Lumbini Urja Company Limited: Issue Oversubscribed by 4.76 Times

    Last Day to Apply for IPO of Vision Lumbini Urja Company Limited: Issue Oversubscribed by 4.76 Times


    Vision Lumbini Urja Company Limited is in the process of concluding its initial public offering (IPO) of 20,75,285 units of shares with a par value of Rs. 100. The IPO began on the 16th of Kartik, 2080, and is set to close on the 20th of Kartik.

    Previously, the company had issued 19,12,500 units of shares to locals affected by the project in Kaski District, out of which only 14,24,590 units were allocated to eligible applicants. Consequently, the remaining 4,87,910 units of unsubscribed shares from project-affected locals were combined with the initial 19,12,500 units, resulting in a total of 24,00,410 units made available for the general public.

    Out of these 24,00,410 units, 191,250 units have already been allotted to Nepalese citizens working abroad, while 95,625 units have been designated for mutual funds. An additional 38,250 units have been reserved for the company’s employees. The remaining 20,75,285 units are now open for the general public to subscribe to.

    Muktinath Capital Limited has been appointed as the issue manager for this IPO. Interested applicants can apply for a minimum of 10 units, with a maximum limit of 380,000 units.

    Remarkably, according to CDSC (Central Depository and Clearing Limited), a total of 8,47,770 applicants have submitted applications for 98,80,430 units, indicating that the IPO has been oversubscribed by 4.76 times as of 5 PM the previous evening.

    Additionally, ICRA Nepal has reaffirmed its ratings for Vision Lumbini Urja Company Limited, with a long-term rating of [ICRANP] LBB- and a short-term rating of [ICRANP] A4. These ratings pertain to the company’s loan limits.

    Vision Lumbini Urja Company Limited is actively involved in the development of the 25-MW Seti Nadi Hydroelectric Project in the Machhapuchchhre rural municipality of Kaski District, Gandaki Province, Nepal. The project is classified as a run-of-the-river (R-o-R) type and is being developed with a 44.5% probability of exceedance.

  • Vision Lumbini Urja Company Limited Opens IPO Subscription with Additional Units for the Public

    Vision Lumbini Urja Company Limited Opens IPO Subscription with Additional Units for the Public


    Vision Lumbini Urja Company Limited is set to initiate the issuance of its 20,75,285 unit Initial Public Offering (IPO) shares starting on the 16th Kartik, 2080. The closing date for the early subscription period for these shares is the 20th Kartik, with the option for an extension up to the 1st Mangsir, 2080, if the issue is not fully subscribed.

    Previously, the company had allocated 19,12,500 unit shares to individuals affected by the company’s projects in Kaski District. However, only 14,24,590 units were allotted to eligible applicants. Consequently, the remaining 4,87,910 units of unsubscribed shares from project-affected locals have been combined with the 19,12,500 units to create a total of 24,00,410 units available to the general public.

    Of these total shares, 191,250 units have already been issued and assigned to Nepalese citizens working abroad, 95,625 units are earmarked for mutual funds, while 38,250 units are reserved for company employees. The remaining 20,75,285 units are open for general public subscription.

    The per-share price for these shares is set at Rs. 100. Muktinath Capital Limited is entrusted with the role of the issue manager. Investors can apply for a minimum of 10 units, with an upper limit of 380,000 units.

    ICRA Nepal has reaffirmed its credit ratings for Vision Lumbini Urja Company Limited, maintaining a long-term rating of [ICRANP] LBB- and a short-term rating of [ICRANP] A4 for the company’s loan limits.

    Vision Lumbini Urja Company Limited is actively engaged in the development of the 25-MW Seti Nadi Hydroelectric Project, located in the Machhapuchchhre rural municipality of Kaski District in the Gandaki Province of Nepal. The project is classified as a run-of-the-river (R-o-R) type and is designed to operate at a 44.5% probability of exceedance. This information outlines the details of the upcoming IPO and the company’s project endeavors.

  • Vision Lumbini Urja IPO Shares Allocated to Kaski Locals, Future Public Offering Planned

    Vision Lumbini Urja IPO Shares Allocated to Kaski Locals, Future Public Offering Planned


    Vision Lumbini Urja Company Limited has completed the allocation of its Initial Public Offering (IPO) shares to project-affected individuals in Kaski District. The distribution took place on Wednesday, 1st Kartik, at the office of Muktinath Capital Limited, the appointed issue manager for the IPO.

    The company’s total issued capital is Rs. 1.91 Arba, out of which 10% or 19,12,500 unit shares valued at Rs. 19.12 Crores were reserved for project-affected locals in Kaski District. An additional 10% of the company’s issued capital, equivalent to 19,12,500 unit shares, will be made available to the general public at a later date. Within this public issue, 10% of the shares, totaling 1,91,250 units, were specifically allocated for Nepalese citizens working abroad, and the subscription period for these shares concluded on 15th Ashwin, 2080.

    In an official notice, the company reported that approximately 14,24,590 units, or 74.48% of the total issued shares, have been allocated to eligible applicants. Consequently, the remaining 4,87,910 units will soon be offered to the general public, in addition to the 19,12,500 units earmarked for public issuance, representing 10% of the company’s issued capital.

    ICRA Nepal has reaffirmed its credit ratings for Vision Lumbini Urja Company Limited, maintaining a long-term rating of [ICRANP] LBB- and a short-term rating of [ICRANP] A4 for the company’s loan limits.

    Vision Lumbini Urja Company Limited is actively engaged in the development of the 25-MW Seti Nadi Hydroelectric Project, situated in the Machhapuchchhre rural municipality of Kaski District in the Gandaki Province of Nepal. The project is classified as a run-of-the-river (R-o-R) type and is designed to operate at a 44.5% probability of exceedance. This information provides an overview of the recent developments and financial standing of the company.

  • IPO Allotment: Vision Lumbini Urja Company Allocates Shares to Overseas Nepalese on 15th Ashwin

    IPO Allotment: Vision Lumbini Urja Company Allocates Shares to Overseas Nepalese on 15th Ashwin


    Vision Lumbini Urja Company Limited has completed its IPO share allocation to foreign Nepalese employees on September 30, 2023. The company has a total issued capital of Rs. 1.91 Arba, with 10% (19,12,500 units) of shares, worth Rs. 19.12 Crores, allocated to project-affected locals of Kaski District. An additional 10% (19,12,500 units) will be offered to the general public later. Out of this public offering, 10% (191,250 units) was designated for Nepalese citizens working abroad from August 19 to September 2, 2023.

    The IPO received a total of 29,822 applications for 7.52 lakh units of shares according to the allotment plan.

     

  • “Vision Lumbini Urja IPO Open to Kaski District Locals and Nepalese Abroad; Extension Possible for Locals”

    “Vision Lumbini Urja IPO Open to Kaski District Locals and Nepalese Abroad; Extension Possible for Locals”


    Vision Lumbini Urja Company Limited has initiated an Initial Public Offering (IPO) that is open for subscription from the 19th of Bhadra until the 2nd of Ashwin, 2080. This IPO is available to project-affected locals of Kaski District and Nepalese citizens working abroad.

    It’s important to note that for residents of Kaski District, if the IPO is not fully subscribed by the early closing date, it may be extended until Ashwin 17. However, this extension option does not apply to Nepalese citizens working abroad.

    The total issued capital of the company amounts to Rs. 1.91 Arba, and out of this, 10%, equivalent to 19,12,500 unit shares valued at Rs. 19.12 Crores, has been set aside for project-affected locals of Kaski District.

     

  • “Vision Lumbini Urja IPO: Shares Offered to Kaski Locals and Nepalese Abroad from Bhadra 19”

    “Vision Lumbini Urja IPO: Shares Offered to Kaski Locals and Nepalese Abroad from Bhadra 19”


     

    Vision Lumbini Urja Company Limited has released a formal offer letter for its Initial Public Offering (IPO), targeting individuals affected by the project in Kaski District and Nepalese citizens employed overseas.

    The IPO subscription window, specifically tailored for local residents and Nepalese citizens working abroad, will be accessible from the 19th of Bhadra to the 2nd of Ashwin in the year 2080. It’s important to note that in the case of Kaski District residents, if the subscription remains undersubscribed by the initial closing date, the offering period may extend until the 17th of Ashwin. However, for Nepalese citizens working abroad, the IPO offering will not be prolonged beyond the initial closing date.

     

  • “SEBON Approves Vision Lumbini Urja’s Rs 38.25 Crore IPO Proposal”

    “SEBON Approves Vision Lumbini Urja’s Rs 38.25 Crore IPO Proposal”


    The Securities Exchange Board of Nepal (SEBON) has given its approval for the Initial Public Offering (IPO) of Vision Lumbini Urja Company Limited. This IPO is scheduled for Bhadra 05, 2080. In this offering, the company plans to release 3,825,000 equity shares, each with a nominal value of NPR 100. The total value of the IPO is set at Rs. 38.25 Crore, which represents 20% of the company’s existing issued capital. Following the allotment of shares through the IPO, the company’s total paid-up capital will increase to Rs. 1.91 Arba from the current Rs. 1.53 Arba. Muktinath Capital Limited has been appointed as the manager overseeing the IPO process, and the application for this IPO was originally submitted on Falgun 28, 2079.