Balephi Hydropower Limited IPO for general public is Opened from 16th Chaitra and close on 21st Chaitra, 2078. If it will not subscribed by the early closing date, the deadline can be extended till 30th Chaitra, 2078.
A total of 18,27,970 shares has been issued at a par value of Rs. 100 per unit. 4% of the total issue or 73,119 units have been secured for Balephi Hydropower Limited employees and 5% or 91,398 units have been secured for mutual funds. The remaining 16,63,453 shares are opened for the general public.
The investors can apply minimum 10 units and the maximum is 1,00,000 units. Global IME Capital is the issue manager for the IPO. ICRA Nepal Limited has rated the issue Double B, indicating a moderate risk of default regarding timely servicing of financial obligations as per principle.
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Balephi Hydropower Ltd
Balephi Hydropower Ltd has a vision to be the potential developer in hydropower sector of the Nepal for the benefit of the nation and its shareholders. With one project in the final stage of commercial operation, Balephi Hydropower Ltd (BHPL) is already in the path of achieving the company’s goal of contributing in the sustainable development of the nation and its people’s life style along with the secured benefits to the investors.
I would like to thank every shareholders, contractors, consultants, our team and other concerned parties for their never-ending help, support and belief towards us for successful development of Upper Balephi ‘A’ Hydropower Project (36MW). I will continue my effort towards the achievement of the goal we have set with all my knowledge and dedication. I am proud of our achievement in this period of time in difficult situation of country like devastating earthquake border blockade and Corona Virus (Covid 19) pandemic situations. I would like to assure shareholders for the reasonable return on their investment in the days to come through the development of upcoming projects in reasonable cost without compromising in quality.
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