Nepal Hydro Developer Limited to issue 3,90,000 units IPO shares

Nepal Hydro Developer Limited is going to issue (3,90,000 units of ordinary shares (IPO) @ Rs.100 per unit) to the general public from Shrawan 27, 2074 till Shrawan 32, 2074.  The  company has secured  2% or 7,800 unit shares for its employees and 5% or 19,500 unit shares will be distributed to  11 mutual fund companies. The company has set aside 3,62,700 units shares for the general public.

NMB Capital Limited has been assigned as the issue manager for the IPO issue of Nepal Hydro Developer Limited. The minimum unit of shares to be applied is 50 wheres as the maximum number of units an individual can apply is 100. The paid up capital of the company is Rs 22.10 crore.The company will be collecting 3 crore 90 lakh from the IPO.  After the IPO , the overall paid up will reach 26 crore.

The company had already distributed  2,60,000 units shares worth Rs 2.60 crore as part of its Initial Public Offering for the locals of Dolakha district on Mangsir 26, 2073. ICRA Nepal has assigned “[ICRANP] IPO Grade 4” grading to the upcoming Initial Public Offering (IPO) of Nepal Hydro developer, indicating below average fundamentals. which means the financial situation of the company is not good and the chances of getting high return from the investment is not certain.

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