Supermadi Hydropower Limited IPO for Local And Foreign employed Review
Supermadi hydropower Limited is going to issue the IPO(Initial public offering) for local and Nepalese who went to foreign employment as per the Recent Rule of Government Authority. Supermadi Hydropower Limited IPO is one of the Biggest IPO of Hydropower Sector in Recent Days.
The company is going to issue 10,50,000 units of share in total to the locals from which 3,15,000 units of share to the local resident of Madi rural municipality of Kaski district wards no. 1 and 2 which is most affected are of the project, and 7,35,000 units of shares to other project-affected areas i.e. ward no. 3, 4, 5, 6, 7, 8, 9, 10, 11, and 12 of same Municipality and ward no. 26, 27, and 28 of Pokhara M. Na.Pa.
Also, the company Supermadi hydropower Limited has issued a 10% quota share i.e. 2,10,000 units of shares to the Nepalese of foreign employment At a Rate of Rs 100/- per unit.
About Supermadi Hydropower Limited
As per the Company, Supermadi Hydropower Limited was incorporated in January 2009 with a prime objective of developing Supermadi Hydroelectric Project 44MW located in Madi Rural Municipal, Kaski.
The company was initially incorporated by Himal Hydro and General Construction Limited which is later on acquired by prominent business personnel with a proven history in hydropower project development and professionals from diversified areas. The prime objective of the company is to develop hydropower projects and generate electricity from available resources at minimum cost from efficient management.
About the IPO For Local and Foreign Employed Nepalese
| Company Name: | Supermadi Hydropower Limited |
| Established: | 2065/10/03 under Company Act, 2063 |
| Registered address: | Ward no. 10–Dillibazar, Kathmandu |
| Main place of business: | Ward no. 10-Dillibazar, Kathmandu, and ward no.1 of Madi rural municipality of Kaski District |
| No. of Promoter Share Holder: | 286 (85%) |
| IPO Opening date: | 2022-12-06 |
| IPO Closing date: | 2022-12-20 |
| IPO Closing date (Late)*: | 2023-01-04 (locals only) |
| Min/Max Applied kitta: | 10-50,000 |
| Issue Price: | Rs 100/- per unit |
| No. of issued share: | 10,50,000 units |
| Issue Manager: | SAMINA CAPITAL LTD. |
| Net Worth per share: | 99.83 |
| EPS: | – |
| Credit Rating: | “[ICRANP-IR] BB” (Moderate Risk) |
| Cost per MW: | Rs 18,97,72,727/- |
| Period left for power generating: | 29 years 6 months |
| Investment payback period: | 6.28 years (Normal)11.10 years(Discount) |
Financial of the Company
Purpose of IPO Issuing
According to the provision in the company articles of association and regulations, the company will issue 31,50,000 units of share at a rate of Rs 100/- per share to the local residents of the project affected areas and to the general public under the share securities registration and issuance regulations, 2073.
The main objective of the company is to Spend money on project Construction work.
You May Also Like to Read
Reference
www.sanima.capital
supermadihydro.com.np
sebon.gov.np
Post a Comment