Buddha Bhumi Nepal Hydropower Company Limited IPO published on September 27, 2021. Buddha Bhumi Nepal Hydropower Company Limited has issued 8,00,000 units shares worth Rs 8 crore as Initial Public Offering (IPO) for the general public from Ashwin 11 to Ashwin 14, 2078. The Buddha Bhumi Nepal Hydropower Company Limited IPO will be extended up to Ashwin 25, 2078 if it will not fully be subscribed within Ashwin 14, 2078. Applicants can apply a minimum of 10 units share and the maximum of 50,000 units shares.
A total of 8,00,000 units IPO, 2% 0r 16,000 units shares separated for its employees and 5% of 40,000 units shares separated for the mutual funds and the remaining 7,44,000 units’ shares are opened for the general public. Civil Capital Market Limited is the issue manager of this IPO. Issue manager is managing the IPO opening and closing and result of the IPO.
Buddha Bhumi Nepal Hydropower Company Limited has 40,00,000 registered shares. Out of which 30 % of 12,00,000 shares will be issued to the public including local public. After the IPO is issued in two phases, first to locals and then to the general public, the promoter: public shareholding ratio of the company will be 70:30, and paid-up capital will be Rs 40 crore of the company.
ICRA Nepal Limited has provided an [ICRANP] IPO Grade 4+ (Pronounced as ICRA NP IPO Grade Four Plus) to the Rs.12 crore IPO of Buddha Bhumi Nepal Hydro Power Company Limited. This grading are considered to have below-average fundamentals of the IPO. The company has been developing a 4.993-MW Lower Tadi Khola hydropower project in Nuwakot District, Province 3 of Nepal.
How to Apply Buddha Bhumi Nepal Hydropower IPO from Meroshare ?
If you are thinking about how to apply Buddha Bhumi Nepal Hydropower IPO online in Nepal, you need to go https://meroshare.cdsc.com.np/#/login page. How to apply ipo through asba ? The same method for apply IPO though ASBA. So, the following steps to know how to apply ipo from mero share ? or how to apply ipo from meroshare ?
- Go to official website www.meroshare.cdsc.com.np meroshare cdsc com np login
- Select Your DP (Bank or Capital where you open your mero share and CRN account)
- Enter the user name and password,
- Click on login bottom
- Go to my ASBA
- Click on my ASBA
- See on the Apply on issue
- Click on the Apply bottom
- Fill the required information (Select bank account, number of applied share)
- Enter the CRN number in same page and click on all information is current option,
- Then click on apply
- Then write the four digit security code or OTP
- Then submit
- Application was completed; you will see that successfully applied with green color.
How do I apply for an IPO online?
APPLY Buddha Bhumi Nepal Hydropower IPO from IPO Result Mero Share APP
Buddha Bhumi Nepal Hydropower IPO Date
Buddha Bhumi Nepal Hydropower IPO opening Date is Ashwin 11 and the closing date is Ashwin 14, 2078. The date will be extended up to Ashwin 25, 2078, if it will not be fully subscribed by Ashwin 14, 2078.
Capital Structure:
| Capital Structure | |
|---|---|
| Authorized Capital | 750,000,000 |
| Issued Capital | 400,000,000 |
| Current Paid-Up Capital | 280,000,000 |
| Capital after IPO Issuance | 400,000,000 |
Shareholding Structure:
| Number of Shares | Amount | Percentage | Remarks | |
|---|---|---|---|---|
| Promoters Shareholders | 2,800,000 | 280,000,000 | 70% | Already Issued |
| Project affected locals | 400,000 | 40,000,000 | 10% | Already Issued |
| General Public | 800,000 | 80,000,000 | 20% | To be Issued |
| Total | 4,000,000 | 400,000,000 | 100% | – |
Board of Directors:
| Board of Directors | |
|---|---|
| Name | Position |
| Purna Lal Shrestha | Chairman |
| Balaram Khatiwada | Director |
| Pramod Khadka | Director |
| Shekhar Kumar Subedi | Director |
| Deepak Lal Amatya | Director |
Projects:
| Name of Project | Lower Tadi Khola Hydropower Project |
| Type of Project | Run-of-River |
| Installed Capacity (MW) | 4.99 |
| Total Cost | 1,190,000,000 |
| Cost per Megawatt | 238,476,954 |
| Required Commercial Operation Date (RCOD) | 1-Oct-21 |
Financial Highlights:
| Particulars | Actual | Estimated* | ||||
|---|---|---|---|---|---|---|
| 2074/2075 | 2075/2076 | 2076/2077 | 2078/2079 | 2079/2080 | 2080/2081 | |
| Total Paid-Up Capital (‘000) | 217,545.08 | 280,000.00 | 280,000.00 | 400,000.00 | 400,000.00 | 400,000.00 |
| Reserve & Surplus (‘000) | -33,882.07 | -42,321.79 | -33,484.41 | -18,712.16 | 55,266.06 | 94,061.10 |
| Debt (‘000) | 0.00 | 396,628.67 | 602,138.41 | 564,246.75 | 542,459.34 | 520,643.90 |
| Revenue (‘000) | 0.00 | 0.00 | 0.00 | 182,019.26 | 187,409.87 | 192,896.81 |
| Interest Expenses (‘000) | 0.00 | 0.00 | 0.00 | 61,245.49 | 57,549.67 | 53,767.37 |
| Net Profit (‘0000 | -3,787.20 | -8,439.71 | -4,466.63 | 64,909.16 | 73,978.22 | 83,007.84 |
| Earnings per share (Rs.) | -1.74 | -3.01 | -1.60 | 16.23 | 18.49 | 20.75 |
| Net worth per share (Rs.) | 84.43 | 84.89 | 88.04 | 95.32 | 113.82 | 123.52 |
| Debt-Equity (times) | 0.00 | 1.67 | 2.44 | 1.48 | 1.19 | 1.05 |
| Return on Equity (%) | -2.06% | -3.55% | -1.81% | 17.02% | 16.25% | 16.80% |
Buddhabhumi Nepal Hydropower Company
Buddhabhumi Nepal Hydropower Company was established to develop hydroelectric projects managed by experienced professionals, successful local entrepreneurs from various disciplines such as administration, engineering and public affairs; who are committed to bringing excellence to the world of corporate governance in the country.
In addition to our self-managed activities, Buddhabhumi Nepal Hydro Power Company holds a 4,993 MW hydroelectric project license for the Lower Tadi Khola hydroelectric project, which is located in the Nuwakot district in central Nepal. The upper construction area is about 150 m downstream from the confluence of Tadi Khola and Chake Khola. The power plant will be built on the left bank of the alluvial reservoir. It is located about 300 m upstream from the head of the Aadishakti hydroelectric power station (5 MW). In addition to our mission to develop the hydroelectric field in Nepal, we would also like to promote and enable the development of infrastructure in the communities in which we work, as well as to preserve and protect our environment. The current project is nearing completion. The project is in the final phase of development with a job completion measurement of around 90%. The development of the project is very well planned and should be completed by the end of March 2021 or earlier.
We believe that our hopes of sustaining Nepal with environmentally friendly renewable energy while generating benefits for the community and our stakeholders are not only rational but also viable. This is what drives Buddhabhumi Nepal
Hydropower Company Limited. Our ambition to provide Nepal with renewable hydropower for a cleaner and brighter future.
We are also very happy with where we are now and the long journey we have made since the beginning. Last but not least, we would like to thank all the people who have brought us here from afar.
How much to apply for this IPO ?
If you want to apply this IPO, you can apply a minimum of 10 units share and the maximum of 50,000 units shares. But you only need to apply 10 units for this IPO due to low volume of IPO issue.
Buddha Bhumi Nepal Hydropower IPO
Buddha Bhumi Nepal Hydropower IPO is opened for general public now. This is the hydropower’s IPO. It is oversubscribed on the first day of issue.
