Skip to main content

NRN Infrastructure and Development to issue IPO from July 31 | NRN Infrastructure IPO

NRN Infrastructure and Development Limited is going to issue an IPO worth around Rs. 34 Crore.  The company has published a statement on July 24th to issue an IPO equal to 30 percent of the current issued capital of Rs 132600000  or Rs 339846000.


 The company has started issuing a total of 33,98,046  ordinary shares at the face value of Rs 100 per share since July 31.  Out of the 33,98,046 shares to be issued by the company, 5 percent or 1,69,902 ordinary shares have been allotted for the collective investment fund and 2 percent or 67,961 shares have been reserved for the employees.  The general public will be able to apply for the remaining 3160183 lots.
 A minimum of 10 lots and a maximum of 3160180 Units can be applied for the purchase of the shares.  The eviction shutdown will take place on August 5  at the earliest and on August 19 at the latest.

 The issue and sales manager of the company is Sanima Capital Limited.  Investors can apply from all ASWA member banks and financial institutions and their branch offices approved by the Nepal Securities Board.  Apart from this, the application can also be made through MeroShare software.
 Credit rating agency Care Ratings Nepal has given Care NP IPO grade 4 rating to the IPO that the company is about to issue.  This indicates that the company's fundamentals are weaker than average.

 By FY 2075/76, the company's net worth per share was Rs 102.06, and earnings per share was Rs 2.4.  The company had earned an accumulated profit of Rs 16.3 million in the same period.
 Similarly, the company has projected to earn accumulated profit of Rs. 24.170 million by the end of the Fiscal Year 2076/77.  Accordingly, the company has projected a net worth of Rs 102.13 per share and earnings per share of Rs 2.4.

About Company

“NRN Infrastructure and Development Limited (NRNIDL) was registered in Kathmandu under the Company Act 2063,” in Nepal (September 2012) with the main motive of collective investment in hydropower sector in initial phase meanwhile exploring other investment avenues of national priorities too. Initially the company was registered in the name NRN Investment Limited which was changed to NRN Infrastructure & Development Limited in February 2, 2017.

 

With liberalization in the state policies that allows private investors to build and operate hydropower projects and in the context of high demand for power in the country, significant development as expected of the energy sector is yet to happen. Investment in this sector washighly awaited. At the very outset, with major objective to mobilize the knowledge, skills, capital and other resources for the socio-economic development of Nepal in co-operation with the government, “NRN Infrastructure and Development Limited was registered in Kathmandu under the Company Act 2063,” in Nepal (September 2012) with the main motive of collective investment for a swift and smooth inflow of capital investment in prioritized sectors in Nepal.
The registered office of the company is located in Kathmandu, Nepal. The objective of the company is to make investment in the development sectors such as hydropower sector thereby contributing to the overall development of Nepal.


Labels:

Comments

Post a Comment

Popular posts from this blog

Download Typeshala for windows 7, Download Typshala

Typeshala is one of the very useful apps for those who are willing to learn English and Nepali typing. This is the very easiest tool to make the speed fast and accurate. Typeshala has many levels by which you can enhance your typing skills. It also provides free-hand typing and entertains the user with a small game. Typeshala is most useful for the beginner, who wants to learn Nepali and English Font typing from starting. Typeshala Software includes the Ramayana game, which helps to increase your typing skill. Typing Nepali is tough until you don’t practice well. For Nepali Typing practice, here is the Nepali typing tutor software named Typeshala. Typeshala is a training tool to type in Nepali Devanagari as well as English Script. With the help of typing software, users can make their typing speed very fast in Nepali and English. Typeshala is very useful for any level of people who wants to improve their typing skills. Typeshala is the easiest way to learn typing skills in Engli
Post a Comment
Read more

Job Application Letter Sample, Covering Letter Format, Covering letter Templete

job application letter sample in Nepal A job application letter is the first impression of the candidate to the job applied company. This is the first phase of the job application which has to be done very responsibly. This letter is also known as a  cover letter. This letter is commonly sent with the resume of the candidate. If it is serious about the job application letter, there is a chance to get in the interview round. This job application includes all the detailed information about the candidate and why the candidate is eligible for the job. As we know that the main target of a cover letter is to get into the next step which is the interview. A cover letter is also known as the door to enter the interview. Many things should be concerned while we are drafting the cover letter. We have to write the source from which we find the vacancy. The reasons for applying for the concerned job should be clearly mentioned on the application letter.  What are the contents of a Job applic
1 comment
Read more

Nepal Electricity Authority (NEA) Syllabus, bidhut pradhikaran syllabus

Nepal Electricity Authority (NEA) was created on August 16, 1985 (Bhadra 1, 2042) under the Nepal Electricity Authority Act. 1984, through the merger of the Department of Electricity of the Ministry of Water Resources, Nepal Electricity Corporation, and related Development Boards. To remedy the inherent weakness associated with these fragmented electricity organizations with overlapping and duplication of works, the merger of these individual organizations became necessary to achieve efficiency and reliable service. The primary objective of NEA is to generate, transmit and distribute adequate, reliable, and affordable power by planning, constructing, operating, and maintaining all generation, transmission, and distribution facilities in Nepal's interconnected and isolated power system. In addition to achieving the above primary objective, NEA 's major responsibilities are: a. To recommend to the Government of Nepal, long and short-term plans and policies in the power sector.
Post a Comment
Read more