Premium IPO of Mandu Hydropower is closing today

The IPO (Initial Public Offering) opened for the general public by Mandu Hydropower Limited will close on the 13th of Bhadra. However, this IPO has been issued at a premium price, not at the face value of 100 rupees. In other words, each share will be given at an initial price of 100 rupees with an additional premium of 106, making the total application cost 206 rupees per share.

The company had initially issued an IPO for the residents of the affected areas and Nepalese individuals working abroad. Still, it has now opened the IPO for the general public.

The company had announced a total capital of NPR 1,036,360,730, with a 2% premium added to the face value of NPR 100 per share, making it NPR 106 per share. They aimed to issue a total of 1,306,306 shares to the residents of the affected areas. Among these, 793,000 shares were unsold, resulting in a total issuance of 1,306,306 shares. Additionally, 28,853 shares were allocated to company employees, and 72,133 shares were distributed to the collective investment fund.

The company has retained the remaining 1,205,320 shares for the general investors.

Here is the translation of the information you provided:

How much quantity to apply?

A minimum of ten shares and a maximum of 50,000 shares can be applied.

Until when to apply?

- The IPO will close on Bhadra 13th.

Who is the Sales Manager?

- Prabhu Capital Limited is the company’s share issuance and sales manager.

Where to apply from?

- Applications can be submitted through all member banks and financial institutions and their respective branch offices, as well as through the ‘Mero Share’ system.

Rating?

- ICRA Nepal has given the company an issuer rating of Triple B- minus, indicating an average risk capacity for the company’s responsibilities.

Project and Cost

- The company has already been operating a 22-megawatt hydropower project. The total cost of this project is 4 Arba 1 crore 94 lakhs 37 thousand 258 rupees. The price per megawatt is 18 crore and 27 lakhs rupees.