Mountain Energy Nepal Limited may be issuing 19,sixty eight,027 devices really well worth Rs 19.sixty eight crore as Initial Public Offering to the overall public from (Kartik 26- Mangsir 2, 2077). The early remaining date of this trouble is on Mangsir 2 and if the problem isn’t completely subscribed until Mangsir 2, then it is able to be prolonged as much as Mangsir 10, 2077.
Out of the provided 19,sixty eight,027 devices; 2% of the overall provided stocks to the overall public i.e. 39,361 devices had been set apart for the personnel of the employer and 5% of the overall provided stocks to the overall public i.e. 98,401 devices had been set apart for the mutual funds. The last 18,30,265 devices are for the overall public.
Nabil Investment Banking Limited has been appointed as the problem supervisor for the IPO issuance.
After the issuance of 19,sixty eight,027 devices really well worth Rs 19.sixty eight crore IPO stocks the overall public i.e 10% of overall capital with a view to collectively enhance its paid-up capital to Rs 1.ninety six arba and the promoter/public ratio may be 80:20.
CRNL has assigned ‘CARE-NP IPO Grade 4+ [IPO Grade Four Plus]’ grading to the proposed Initial Public Offering (IPO) of Mountain Energy Nepal Limited (MENL).
About the Company
Mountain Energy Nepal Limited (MENL) is a public constrained employer promoted through commercial enterprise folks having revel in withinside the hydropower sector. MENL in advance had subsidiaries organizations specifically Aadhi Shakti Bidhyut Bikash Company Limited (ASBL) and Robust Energy Limited (REL) which have been received through MENL throughout FY19. ASBL become concerned withinside the operation of 5MW run-of-the-river Tadi Khola Hydroelectric Project (TKHEP) at Tadi Rural Municipality, Nuwakot District which has been in industrial operation due to the fact that April 2013.
REL become concerned with in side the creation of 42MW MKHEP, Required Commercial Operation Date (RCOD) of which become December 31, 2019, and is anticipated to be revised until May 2020. The tasks are below BOOT (Build, Own, Operate, and Transfer) mechanism. As according to the Generation License, from Government of Nepal – Ministry of Energy, the tasks will be handed, on some thing situations the challenge is, to the Government of Nepal after the expiry of Generation License, that is 35 years.
