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UIMRBHL IPO Issue | United Idi-Mardi & RB Hydropower Limited IPO Issue from November 12


 

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.

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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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