Maya Khola Hydropower IPO has opened for the general public today. Maya Khola Hydropower Company Limited issued 19,92,000 unit shares of Rs 100 face value on Magh 13, 2079.
The early closing date of this IPO is on 17th Magh, 2079 [January 31, 2023]. As per the total number of issued share, only 10 units is enough to apply for this IPO.
Maya Khola Hydropower IPO
A total 24,00,000 units of Maya Khola Hydropower IPO; 10% or 240,000 units have already been issued and allotted to Nepalese citizens working abroad. A total of 2% or 48,000 units have been reserved for the employees of the company and 5% of the total offered shares or 120,000 units have been reserved for the mutual funds. The remaining of 19,92,000 units issued for the general public.
Maya Khola Jalbidhut had already issued 10,00,000 unit shares worth Rs. 10 crores to the project-affected locals and 240,000 units shares to Nepalese citizens working abroad. A total of 66% of shares are of the promoter shareholders in the company now.
Prabhu Capital Limited is the issue manager for the IPO. Investors can be applied for a minimum of 10 units and a maximum of 100,000 units share for this IPO.
ICRA Nepal has a rate of [ICRANP-IR] BB- (pronounced ICRA NP issuer rating double B minus) to Maya Khola Hydropower Company Limited. This rating is considered to have a moderate risk of default regarding the timely servicing of financial obligations in case of emergency.
How to apply Maya Khola Hydropower Company Limited Initial Public Offering
>>> IPO Result – Nepali Mero Share
>>> How to Apply IPO from Mero Share
Are you looking for how to apply Maya Khola IPO from Mero Share ? If yes, here is the steps to apply IPO of Maya Khola IPO.
- Go to official website https://meroshare.cdsc.com.np/
- 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 the Apply on issue
- Click on the Apply bottom
- Fill in the required information (Select bank account, number of applied shares)
- Enter the CRN number on the same page and click on all information in the current option,
- Then click on apply
- Then write the four-digit security code
- Then submit
- Application was completed; you will see that successfully applied with green color.
Maya Khola Hydropower Company Limited
Maya Khola Hydropower Company is the organization that is implementing the Maya Khola Hydropower Project. The company was incorporated as a Private Limited Company on 28 May 2010 (14 Jestha, 2067) with registration no. 73167/066/067.
The company was converted into a public limited company on 12 May 2016 (20 Mangshir 2073) with registration No. 159553/073/74. This conversion was made in order to facilitate the company to invite public shares as equity.
Maya Khola Hydropower Project is situated in Sankhuwasabha district in easternNepal. The run of river project was initially designed as a 5 MW project. However the capacity was revised as per prevailing norms of NEA (@ exceedance factor of Q40) and is now fixed at 14.9 MW.
The project is accessible by a trunk metalledroad from Dharan in east Nepal. The power from the project is evacuated through a3.4 km long 33 kV transmission line to the NEA substation tobe constructed by NEA at Baneshwor.
PPA signed with NEA for power purchase on 2070/8/30 (15 November, 2013). The RCOD of project as per PPA is 1 Poush, 2076 (17 December 2019).
Generation License issued by Ministry Of Energy on 12 June 2014 with validity of 35 years.
Consortium loan agreement of Rs. 1,825,000,000 between Maya Khola Hydropower Company Limited and Consortium of Citizen bank limited, Century Bank Limited and Civil Bank Limited on January 24, 2018.
