Kathmandu: Radhi Bidhyut Company Limited has issued Initial Public Offering (IPO) shares of 7,64,550 units shares worth Rs 7.64 million from Monday.
The share’s per unit value is Rs 100 to the general public (including its staffs). The issue will close on Poush 6, 2074. The maximum closing date has been set on Poush 17, 2074.
Nabil Investment Banking Limited has been assigned as issue manager for this IPO.
Applicants can apply through ASBA-approved banks from all 75 districts across the country. Interested applicants can apply minimum of 50 unit shares and maximum of 3,800 unit share.
Securities Board of Nepal (SEBON) had already provided approval to the IPO of Radhi Bidyut Company Limited on Kartik 7, 2074.
It had floated 4,10,000 units IPO shares to the local people of Lamjung district from Baisakh 5 to Jestha 3, 2074.
Radhi Bidyut Company Limited operates a 4.40 MW Radhi Small Hydropower Project in Lamjung district that has been generating electricity since Jestha 31, 2071 and is connected to the national grid. ICRA Nepal has assigned an
[ICRANP] IPO Grade 3 rating to this IPO, indicating average fundamentals.
The authorised capital of company is Rs 1.50 billion. The paid up capital of the company remains at Rs 30.75 million. After the IPO for the locals of project affected area and for general public, its paid up capital will reach Rs 41 million.
Radhi Bidyut Company has earned net profit of Rs 4.74 million in the last fiscal year 2072/73.