KATHMANDU: Applications have been opened for the public in the initial public offering (IPO) of Himalayan Hydropower Company. The company has stated that it has opened a sale of 1.83 million 472 shares to the public.
Individual can apply for a minimum of 10 lots and more.
Application can be made through any branch of bank account or online system of CDSC. Applications can be submitted till July 3.
The issue and sale manager of the company is Global IME Capital Ltd.
The hydropower plant of this company is located in Madi village municipality of Kaski district. This is a project with a capacity of 11.88 MW. The company’s financial statement states that the total cost was Rs 2.64 billion when the construction was completed.
The return period is 9.94 years. Its electricity is connected to Lekhnath substation, Kaski. The company, which started generating electricity in 2077 BS, has a negative earnings per share of Rs 8.37 till mid-April.
