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.

Leave a Reply

Your email address will not be published. Required fields are marked *

More Interesting Read

Sabottam Cement IPO Allotment: Awaiting Lucky Winners through Friday's Lottery System 1
Business | Market | Economy IPO | FPO

Sabottam Cement IPO Allotment: Awaiting Lucky Winners through Friday’s Lottery System

The IPO allotment process for Sabottam Cement, a prominent cement company, is set to conclude on Friday. Lucky applicants who successfully secure shares will receive an allotment of 50 units each through a lottery system. This eagerly anticipated event marks a significant step in the company’s public offering, providing an opportunity for investors to become […]

Read More
Lower Erkhuwa Hydropower's IPO Proposal Under SEBON Review for Rs. 28.05 Crores 3
IPO | FPO

Lower Erkhuwa Hydropower’s IPO Proposal Under SEBON Review for Rs. 28.05 Crores

The Initial Public Offering (IPO) proposal of Lower Erkhuwa Hydropower Company Ltd. is currently under review by SEBON (Securities Board of Nepal). The company has submitted a proposal to issue a total of 2,805,750 shares, aiming to raise Rs. 28.05 crores. The application for the IPO was submitted on Falgun 11, 2080. Muktinath Capital Limited […]

Read More
Seed Energy Partners with NMB Capital for Initial Public Offering Management 5
IPO | FPO Business | Market | Economy

Seed Energy Partners with NMB Capital for Initial Public Offering Management

Seed Energy Ltd has finalized an agreement with NMB Capital Limited for the management of its Initial Public Offering (IPO). This development signifies a noteworthy achievement for Seed Energy Ltd as it prepares to introduce its shares to the public. The collaboration with NMB Capital Limited, a renowned entity in issue management, is anticipated to […]

Read More