Chirkhwa Hydro Power Limited IPO Result published today (1:00 PM). Chirkhwa Hydro Power Ltd opened its 8,59,300 unit IPO from 26th Ashwin to 23rd Ashwin, 2080.
The company issued 4,00,000 unit shares to the project-affected locals of Bhojpur District out of which 2,04,700 units were allotted to valid applicants. The remaining 1,95,300 units of unsubscribed shares of project-affected locals are added to 8,00,000 units and a total of 9,95,300 units for the general public.
Chirkhwa Hydro IPO Result
According to CDSC report, out of the total 9,95,300 units; a total of 80,000 units have already been issued and allotted to Nepalese citizens working abroad. A total of 40,000 have been allotted for mutual funds and 16,000 units have been allotted for the employees of the company. The remaining 8,59,300 units allotted to the general public.
RBB Merchant Banking Limited is the issue manager of this IPO. You can check the result from RBB Merchant Banking Limited IPO Result page.
If you are looking for the IPO Result portal, then you can find it from the IPOresult.CDSC.com.np web portal. It is another method to know your IPO Result. When IPO allotment is announced, you can follow the following method to know the IPO Result;
Step 1: Open the web browser
Step 2: Go to the official web portal of the IPO Result page (IPOResult.CDSC.Com.NP)
Step 3: Select the company name from the dropdown box
Step 4: Write the 16-digit BOID number
Step 5: Enter Captcha
Step 6: Click on “View Result” bottom.
You will find your IPO Result here as allotted units or not allotted messages.
ICRA Nepal has reaffirmed the issuer rating of [ICRANP-IR] BB- (pronounced ICRA NP issuer rating double B minus) to Chirkhwa Hydropower Limited. Issuers with this rating are considered to have a moderate risk of default regarding the timely servicing of financial obligations.
Chirkhwa Hydropower Limited was built in January 2009 and is developing a 4.7 MW Upper Chirkhwa Khola HPP in the Bhojpur district, Province-1 of Nepal.
The project is a run-of-the-river (R-o-R) type and is being developed at a 40% probability of exceedance. The project planned to be developed at a budgeted project cost of NPR 910 million (NPR ~194 million per MW) to be funded in a D: E ratio of 60:40, with the debt component of NPR 545 million secured with Rastriya Banijya Bank Limited. The project has achieved ~90-95% progress till mid-Jan 2023.