Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 116]

Khani Khola Hydro Power to Issue IPO from May 29

  1 min 11 sec to read
Khani Khola Hydro Power to Issue IPO from May 29
Notice (8): Undefined index: caption [APP/View/Articles/view.ctp, line 241]

May 22: Khani Khola Hydro Power is issuing 4,657,000 units of shares at the price of Rs 100 from May 29. The issuance will close in June1 with possible closure in June 12. Interested investors can apply minimum of 10 units and maximum of 1,000 shares.

The company has appointed Civil Capital Market as Issue Manager for the issuance. Share purchase application for the IPO can be submitted from Dhumbarahi Party Palace, Civil Capital Market at Kamaladi, Civil Bank’s branches at Pokhara, Butwal, Birtamod, Nepalgunj, Hetauda, Itahari, Dhangadi and Bagmati Development Bank at Hariban.

The company’s paid up capital will increase to Rs 465.7 million after the issuance. Under the project, the company will generate 4.36 MW of electricity from Thosne Khola and 2 MW electricity from Lalitpur Bhattedadan as it’s cascade project. These both projects are under ownership of Pashupati Energy Development Company.

Meanwhile, power purchase agreements (PPA) of electricity generated from both projects have been concluded between the company and Nepal Electricity Authority (NEA). According to the PPA, NEA will pay Rs 4.80 per unit in rainy season and Rs 8.40 per unit in dry season which will increase by 3 percent till five years.

The IPO has received grade four plus rating from ICRA Nepal which indicates of below average fundamentals to the proposed IPO.  

Deprecated (16384): Using key `action` is deprecated, use `url` directly instead. [CORE/Cake/View/Helper/FormHelper.php, line 383]
Pawan kambang

Can you please the procedure to apply for the shares , thankyou.

ramesh bagale

How to chacked share information