Barahi Hydropower public Limited has announced issuing of 2,50,000 shares at Rs.100/- per share in the project-affected areas of Jaimini Municipality of Baglung District Ward no. 1, 4, and 5 for Sawik kusmishera, sarkuwa, and Binamare Ga. B. Sa. and others Wards of jaimini Municipality, 1,46,0000 shares were distributed to the applicant who applied directly and the remaining 1,04,000 shares were added to the 4,50,000 shares to be issued for the general public, making a total of 5,54,000 units of share from that 5% i.e. 27,700 units of share for mutual fund and 2% i.e. 11,080 units of share is reserved for employees.
In this article you can find all the queries Related to Barahi Hydropower IPO and by the end of this article you can easily decide that either you should apply for Barahi Hydropower IPO or not.
About the Company Barahi Hydropower Ltd
The objective of the company BHPL will become a leading player in Nepal’s renewable energy sector and an enabler for the nation’s growth through the development and supply of sustainable and clean energy.
Barahi Hydropower Public Limited is a company in the Hydropower Sector which is a huge and emerging sector of Nepal. Around 221 hydropower projects are running in Nepal to Generate around 8,184 MW of electricity. It is one of the leading sectors of Nepal.
Company Management
Word of CEO: BHPL has played a key role in formulating the private sector-friendly policy and provides advisory to the small hydropower projects in Nepal. BHPL has set its business milestones to establish the hydropower business and has the plan to develop 14.5 MW in the next four years out of which 1.5 MW is in operation for
the last three years. We believe in teamwork, inclusive development, and sustainable development for the benefits company and its team.
Surya Prasad Adhikari is a Managing Director and CEO of Barahi Hydropower public limited.
Sandeep Kumar Sharma Paudel is Operation Manager and
Rajendra Paudel is the Power Plant incharge.
The goal of Company
Company has the vision to develop clean energy in Nepal through the broad-based participation of local people. The Company has its mission:
1. To build own and operate small and medium-sized hydropower of the country for the benefit of the people at large.
2. To create synergy with the private sector.
3. To ensure an attractive and sustainable long-term return to the shareholders through prudent and sound investment practices.
About the Issue of IPO
For Locals
Barahi Hydropower public Limited has announced issuing 2,50,000 shares at Rs.100/- per share in the project-affected areas of Jaimini Municipality of Baglung District Ward no. 1, 4, and 5 for Sawik kusmishera, sarkuwa, and Binamare Ga. B. Sa. and others Wards of jaimini Municipality, for sale under the management of NIBL Ace Capital from Kartik-4, 2079 to Kartik-25, 2079, 1,46,0000 units shares were allotted to the applicant who applied directly within the period on Mansir-7,2079 Wednesday.
For General Public
After allotment of shares i.e. 1,46,0000 units of shares to the residents, the locals of the project affected area, Now out of 5,54,000 units of share, 5% of the issued share i.e. 27,700 units for Mutual Funds, and 2% share i.e. 11,080 units to the employee of the company and the remaining 5,15,220 units of share to the General Public at the market rate of Rs. 100 is going to be sold by the issued manager NIBL Ace Capital.
For Mutual Funds: 5% i.e. 27,700 Units of shares.
For Employee: 2% i.e. 11,080 Units shares.
For General Public: Remaining 5,15,220 Units of shares.
| Company Name: | Barahi Hydropower Public Ltd |
| Company established: | 2063/01/17 as a Pvt. ltd, Under company act, 2063 |
| Converted from Pvt. ltd. to Public Ltd: | In 2071/12/03 |
| Registered address: | Babarmahal, Kathmandu |
| Main place of business: | located in Ward No. 1, 4 and 5 of Savik Kusmisera, Sarkuwa, and Binamare Ga.B.Sa. of Jaimini Municipality of Baglung District. |
| No. of Promoter share Holder: | 169 from various sector |
| IPO Opening date: | 2022-12-07 |
| IPO Closing date: | 2022-12-12 |
| IPO Closing date (Late)*: | 2022-12-21 |
| Issue Price: | Rs 100/- per unit |
| No. of issued share: | 5,54,000 units |
| Issue Manager: | NIBL ACE CAPITAL |
| Credit Rating: | B-( High Risk) |
| Cost per MW: | 208,145,901.00 |
| Period left for power generating: | Permitted date: 2072/03/28 Ending date: 2107/03/27(28 Years Left) |
| Investment pay back period: | 10 years 6 months(normal), 20 years 6 months(discount) |
This Barahi Hydropower Limited has been assigned credit rating B minus(B-) issuer Rating” by Credit Ratings Nepal Limited on the date 2078/11/13. Issuers with this rating are considered to offer a high risk of default regarding the timely servicing of financial obligations, in Nepal valid for One year. After that company has to take another credit Rating certificate.
Read More About Laganikarta
Financial of the Company
Statement of Financial Ratios
Profit/Loss Statement
Risk & Management of Risk
- Operations and regular payments may be affected due to lack of financial resources. similarly , Research and Development of new projects , may shrink.
- Production capacity may decrease if the water source decrease due to unexpected changes in the environment in the spring and mountain regions.
- There is no such risk as there is an agreement to purchase the electricity produced from this project by the Nepal Electricity Authority.
- There is no risk of electricity market in current situation.
- Since electricity generation has been started from 2074/03/24 from the 1.5 MW of the capacity of the khola Hydropower project operated by Barahi Hydropower Limited, their is no risk of cost overrun.
- Since this Hydropower project has been completed and the electricity production has started from 2075/03/24, there is no risk regarding project cost increase. There is no risk in the operation of the projects as all assets and production of the project is insured by insurance.
- Since the project has been completed and put into operation, there is no risk of foreign ecxhange rate.
- If there is adelay in obtaining permission, there is a risk that the construction of the new project may be delayed.
- Risk may arise from changes in the economic and financial policy rules related to Hydropower of the Government of nepal.
- Risk may arise if there is a change in the system related to taxes, customs etc.
How To Apply Barahi Hydropower IPO
In order to apply the IPO of Barahi Hydropower limited, you must have Demat Account, CRN Number, Mero Share Linked with your Bank Account, If You do not have any one of these Simply visit to you bank nearest branch and you can ask to apply for for IPO. For Those who have all these required document you can simply Apply through Mero share App or From Mero share website As like any other IPO you Apply. For Step By Step Guide How to Apply Barahi Hydropower IPO Follow the Step Given Below:
Step 1:- Open any Browser or Mero share app if you have installed it.
Step 2:- Type Mero share in you browser and visit the website meroshare.cdsc.com.np
Step 3:- select bank then Login with Username and Password
Step 4:- Click on My ASBA section and you can see the Apply button
Step 5:- Click on Apply then select applied kitta and amount and enter CRN number, tick the box and proceed
Step 6:- Enter Pin you added and Done You Applied Successfully.
How To Check Barahi Hydropower IPO Result
To Check Barahi Hydropower ipo result, Follow the step given below:
Step 1:- open browser and type “meroshare result”
Step 2 :- click on website “iporesult.cdsc.com.np”
Step 3:- select Company and enter your BOID (Demat number) and fill captcha.
Step 4:- Click on view result and done you can see either IPO is allotted to you or not.
References
barahihydropower.com.np
www.niblcapital.com
sebon.gov.np
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