Supermai Hydropower Limited IPO for Local And Foreign employed Review
Supermai Hydropower limited IPO for Local And Foreign employed Nepalese has been Announced. The IPO(Initial public offering) of supermai Hydropower Limited’s issued size is 10,00,000 units of shares including the issue of General public.
But the company in the First Phase of the issue Only announced the sale of 5,00,000 units of shares to the local residents of the Project affected area. From which 40% i.e. 200,000 shares for local residents of Illam Municipality (Barbote)-5, Illam Municipality (sumbek)-2, and Maijogmai Rural Municipality-5 of Soyang (Project Highly affected areas) and 60% i.e. 3,00,000 units of share in other areas of Illam except Project highly affected areas. Also 10% of 5,00,000 units of shares i.e. 50,000 units of shares for the Nepalese Who went to Foreign employment.
In the second Phase of the IPO Company, supermai hydropower limited will sell another 4,50,000 units of shares to the General Public very soon.
About Supermai Hydropower Limited
According To the company, Super-Mai hydropower project Company is established to develop hydropower managed by a team of diversified well experienced professionals, local and successful businessmen from various disciplines such as Hydropower Developers, Management, Financial Consultants, Engineering, Education, and Public Affairs committed to bringing excellence in the corporate and public governance.
Super-Mai hydropower project Ltd. was established in the year 2071, backed up by leading persons in hydropower developers, finance, and industrial sector with the sole purpose of generating energy in a safe, cost-effective, reliable, efficient, and environmentally sound manner using state of the art technologies.
The Company aims to generate and supply energy from various sources, mainly hydropower. In order to pursue this goal, the Company envisage organizing and utilizing the financial and technical capabilities available within the country to construct projects one after another to contribute to whatever extent possible to the energy need of the nation and assure an attractive return to the investors.
The first (pilot) project of Supermai Hydropower Ltd. is the Super-Mai hydropower project (7.8MW). The COD of which is 2075 Kartik 11. It earned a profit in FY 2076/77 and 2077/78. It distributed dividends of 7.5% and 11.5% dividend in the past two years.
The company’s core business is Hydropower development, managing comprehensive management of study to carry out a feasibility study to determine the technical feasibility and financial viability of the Hydropower Project, which will be interconnected with the Integrated Nepal Power System (INPS). The study report can be used as a basis for concluding the Power Purchase Agreement (PPA) with the Nepal Electricity Authority (NEA), for obtaining the generation license from DOED, and for funding arrangement of the project.
The main tasks carried out during the field investigations are topographical survey and mapping of the project area, surface geological mapping, and hydrological survey. The main outcome of the study incorporates the general arrangement of project structures including feasibility level design and drawings and power and energy computation from the project.
Also Read: Barahi Hydropower Limited IPO For General Public
Source: www.supermaihydro.com.np
About the Supermai Hydropower IPO For Local and Foreign Employed Nepalese
| Company Name: | Supermai Hydropower Limited |
| Established: | 2074/03/18 as a Public limited, under Company Act, 2063 |
| Registered address: | Ward no. 30 Gyaneshwar, Kathmandu |
| Main place of business: | Illam Municipality ward no. 5 (Barbote) |
| No. of Promoter Share Holder: | 47 from various sectors |
| IPO Opening date: | 2079/08/21 |
| IPO Closing date: | 2079/09/06 |
| IPO Closing date (Late)*: | 2079/09/21 (only for Locals) |
| Min/Max Applied kitta: | 10 units-20,000 units |
| Issue Price: | Rs 100/- |
| No. of issued share: | 5,00,000 + 50,000(foreign employed) |
| Issue Manager: | SAMINA CAPITAL LTD. |
| Net Worth per share(Rs): | 130.76 |
| EPS: | 30.99 |
| Credit Rating: | “[ICRANP-IR] BBB-” (Moderate Risk) |
| Cost per MW(Rs): | 19,08,48,205 |
| Period left for power generating: | 29 years 6 months |
| Investment payback period: | 5.79 years (Normal)7.27 years (Discount) |
Purpose of Issuing IPO
As mentioned in the company’s Regulation, by issuing shares equal to 20% of the issued capital i.e. Rs 10,00,00,000/- and giving investment opportunities to the investors and paying Debt Obligations of the hydropower projects that have been moved forward for construction by the company is the main purpose of this Offering.
Financial Statement Of the Company
Reference
www.supermaihydro.com.np
sebon.gov.np
www.sanima.capital
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