IPO for General Public: Daramkhola Hydro Energy Limited to Issue 24,23,185 Shares Starting Today
Kathmandu, Nepal – Daramkhola Hydro Energy Limited has officially commenced its Initial Public Offering (IPO) for the general public from 15th Shrawan, 2082. The company is offering 24,23,185 shares at a par value of Rs. 100 per share. The IPO subscription period will close on 19th Shrawan, 2082, but may be extended to 29th Shrawan, 2082 if the shares are not fully subscribed.
Company’s Capital and Share Allocation
Daramkhola Hydro Energy Limited has an issued capital totaling Rs. 1.03 Arba. Of this, 38.33% equivalent to 39,50,000 shares are offered to the public. Earlier, 10% or 10,30,500 shares were allocated to locals from the Gulmi and Baglung districts affected by the hydro project.
The remaining 28.33% or 29,19,500 shares are now available to the wider public. The allocation within this public offering is divided as follows:
- 10% (2,91,950 shares) reserved for Nepalese living abroad
- 2% (58,390 shares) reserved for company employees
- 5% (1,45,975 shares) reserved for mutual funds
- 24,23,185 shares open for general public subscription starting today
Application Process
The IPO is managed by LS Capital, who oversee the issuance and subscription process. Investors can apply for a minimum of 10 shares and a maximum of 50,000 shares. Applications should be submitted through authorized banks and brokers designated for IPO processing.
About Daramkhola Hydro Energy Limited
Founded in December 2015, Daramkhola Hydro Energy Limited focuses on renewable energy, particularly hydropower projects. Their current project in Baglung district is a 9.6 MW hydroelectric plant, designed to supply clean energy to Nepal’s national grid.
The project covers a catchment area of approximately 247 square kilometers with a design discharge of 10.30 cubic meters per second. The company is promoted largely by local entrepreneurs with a strong regional focus. Mr. Nar Bahadur Pun (Niraj) serves as chairman and has been instrumental in advancing the project.
Credit Ratings and Financial Strength
According to Infomerics Credit Rating Nepal Limited, the company holds a Double B Minus (IRN BB-) rating for its long-term loans totaling NPR 1,400 million. Its short-term bank facilities amounting to NPR 1,235 million have been rated A Four (IRN A4). These ratings indicate a stable but moderate risk profile, suggesting reasonable confidence for investors.
Why Should You Consider Investing?
- Support Renewable Energy: Investing in hydropower supports Nepal’s green energy initiatives.
- Inclusive Share Distribution: Priority given to locals and Nepali diaspora ensures community involvement.
- Growth Potential: The operational project promises consistent energy production and revenue generation.
- Experienced Leadership: Local promoters and management add trust and regional expertise.
Important Dates to Remember
| Event | Date (Shrawan, 2082) |
|---|---|
| IPO Opening Date | 15th Shrawan |
| Initial Closing Date | 19th Shrawan |
| Extended Closing Date (if required) | 29th Shrawan |
Stay Informed
Keep track of IPO updates and allotment results by visiting the official website of Daramkhola Hydro Energy Limited or through authorized financial news portals.
Note: This post is for informational purposes only and does not serve as investment advice. Interested investors should carefully review the official IPO prospectus and consult with financial experts before applying.