Last Day to apply for Balephi Hydropower Limited IPO Oversubscribed by 12.76 times

Balephi Hydropower Limited IPO is closing on Chaitra 21, 2078. So, tomorrow is last day to apply for this IPO. Balephi Hydropower Limited IPO was opened on 16th Chaitra. It has already oversubscribed by 12,76 times by today. 

Balephi Hydropower issued a total of 18,27,970 shares at a par value of Rs. 100 per unit. A total of 73,119 units (4% of total issued share) has been ensured for employees and a total of 91,398 units (5% of total issue) have been ensured for the mutual funds. The remaining 16,63,453 shares are opened to the general public.

Balephi Hydropower Limited IPO
Balephi Hydropower Limited IPO

Till today, a total of 18,70,709 applicants have applied for a total of 2,12,26,750 units shares. This is oversubscribed by 12.76 times till today.

Applicants can apply a minimum of 10 units and maximum of 1,00,000 units for this IPO. Global IME Capital is the issue manager for the Balephi IPO. ICRA Nepal Limited rated the issue Double B. It indicates a moderate risk of default regarding timely servicing of financial obligations as per standards.

Company Name: Balephi Hydropower Ltd.
Company Registration: 2068/11/30 B.S.
Conversion into Public Ltd: 2073/09/18 B.S.
Department of Industry: 2070/09/17 B.S.
Registration No. : 91418/068/069-Pvt Ltd & 161420/073/074- Ltd
PAN No.: 601242944
Project under Development: ‘Upper Balephi A’ Hydropower Project (36.0MW)
Project Status: Under Construction

With an aim to play a significant role in the development of this high-potential hydropower sector in the country, identification potential location and evaluate the necessary strengths and resources to develop hydropower contributing independence of power the country.

Deep involvement of private entrepreneurship is of utmost importance to reap the full benefit of this natural gift to the country and thereby take the country out of dependence on expensive foreign oil and gas for much of its energy supply.

We are guided by values such as good governance, abiding law of land, integrity, respect, accountability, social responsibility, and optimism in whatever we do.

Water resources are the major natural resources identified for the development of Nepal. Nepal has a large hydropower potential amounting to 83,000MW. So far less than 1% of total potential has been exploited at present in spite of higher demand resulting in severe load shedding.

To meet the increasing power demand much attention has been given to study different scale projects. The funding requirements for such projects have so far delayed the implementation and have created a critical situation in the power supply. It is therefore utmost important to be involved INPD into the system to expedite the hydro-power in Nepal.

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