IPO Allotment result of Dordi Khola Hydropower Company Limited (DORDI) has published today. The IPO allotment is for the project affected local residents of Lamjung District. The IPO Allotment has completed on Jestha 12, 2079.
The Dordi Khola Hydropower Company Limited was issued 10,54,260 unit IPO shares to the project-affected locals of Lamjung District from Baisakh 13 to Jesth 5, 2079.
This is 10% of the issued capital of Rs 105.42 crore. The interested locals investors applied for a minimum of 10 units and a maximum of 10,00,000 units in the IPO.
According to the issue manager Siddhartha Capital Limited, only 7,56,420 units of the total issue have been allotted to the valid investors. The remaining 2,97,840 units will be issued to the general public along with 18,97,669 units.
Dordi Khola Jal Bidyut Company Ltd is a public company incorporated on Falgun 14, 2066 (February 26, 2010) as per Companies Act 2063, Nepal. The objective of Dordi Khola Jal Bidyut Company Ltd is to develop and invest in hydropower projects.
It is currently developing a 12 MW Dordi-1 Hydroelectric Project in Lamjung District and owns its generation license. The project is located in Dordi Gaupalika-6, Lamjung. Its registered office is located at Kathmandu -11, Bluestar Complex, Tripureshor. Lamjung Electricity Development Company Limited (LEDCO) holds 84.95% ownership in the Dordi Khola Jal Bidyut Company Ltd.
lCRA Nepal Ltd has given a double B minus issuer rating [ICRANP-IR] BB- to the company. This grading is considered to have a moderate risk of default regarding timely servicing of financial obligations.
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