United Idi-Mardi & RB Hydropower Limited (UIMRBHL) is going to issue primary shares to the public from November 18 2020.
The
company is going to issue 873,910 ordinary shares in the second phase. Earlier,
the company had already issued 420,000 units shares as initial public offering IPO
in the first phase for project-affected locals in the industrial-affected area
of Kaski district. The company is going to issue 873910 shares which include
243910 unsold shares in first phase. Out of the total shares to be issued,
43,696 shares have been distributed to collective investment funds and 17,478
shares have been allotted to employees. General investors will be able to apply
for the remaining 812,736 shares. Security Board of Nepal SEBON had given the
permission to issue IPO worth 25% percent of the issued capital. The date of
IPO issue open is from November 12 2020 to November 15 2020. If the IPO won’t
get the application for the total shares within that date then the application
date continue for November 30.
.
The
issue and sale manager of the company is Global IME Capital Limited. The
general public will be able to apply for a minimum of 10 lots to 10,000 Units in
the IPO.
Care
Rating Nepal has given the company a 'Care NP Double B Plus (IS)' rating in a
credit rating issued for public issue. This indicates that it is moderately
safe to meet financial obligations on time.
As per the published statement, the net worth per share of the company was Rs. The company has projected a net worth of Rs 98.69 per share in the current fiscal year 2077/78. Similarly, the company's earnings per share was negative at Rs 12.97 in the last fiscal year and is projected to be positive at Rs 8.33 in the current fiscal year. The company, which started commercial production from the Upper Mardi Kholan Hydropower Project on September 8, 2019, had earned Rs 10.54 million.The cost per megawatt of the company is Rs. 203.976 million. The return on ordinary investment of the company is 8.09 years and the return on discounted investment is 14.96 years. is going to issue primary shares to the public from November 12 2020.
The
company is going to issue 873,910 ordinary shares in the second phase. Earlier,
the company had already issued 420,000 units shares as initial public offering IPO
in the first phase for project-affected locals in the industrial-affected area
of Kaski district. The company is going to issue 873910 shares which include
243910 unsold shares in first phase. Out of the total shares to be issued,
43,696 shares have been distributed to collective investment funds and 17,478
shares have been allotted to employees. General investors will be able to apply
for the remaining 812,736 shares. Security Board of Nepal SEBON had given the
permission to issue IPO worth 25% percent of the issued capital. The date of
IPO issue open is from November 12 2020 to November 15 2020. If the IPO won’t
get the application for the total shares within that date then the application
date continue for November 30.
.
The
issue and sale manager of the company is Global IME Capital Limited. The
general public will be able to apply for a minimum of 10 lots to 10,000 Units in
the IPO.
Care
Rating Nepal has given the company a 'Care NP Double B Plus (IS)' rating in a
credit rating issued for public issue. This indicates that it is moderately
safe to meet financial obligations on time.
As per the published statement, the net worth per
share of the company was Rs. The company has projected a net worth of Rs 98.69
per share in the current fiscal year 2077/78. Similarly, the company's earnings
per share was negative at Rs 12.97 in the last fiscal year and is projected to
be positive at Rs 8.33 in the current fiscal year. The company, which started
commercial production from the Upper Mardi Kholan Hydropower Project on September
8, 2019, had earned Rs 10.54 million.The cost per megawatt of the company is
Rs. 203.976 million. The return on ordinary investment of the company is 8.09
years and the return on discounted investment is 14.96 years.
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