Education, Jobs and Investment: IPO Result

Sayapatri Hydropower IPO Issue 721,060 Unit IPO Shares to General Public

Sayapatri Hydropower IPO has been issued for the general public. Sayapatri Hydropower Limited (SPHL) has issued its Initial Public Offering (IPO) to the general public now.

The Sayapatri Hydropower Limited (SPHL) was issued 721,060 unit shares of Rs 100 face value from 13th Shrawan, 2079. The Sayapatri Hydropower Limited (SPHL) intends to collect Rs 7.21 crore from this IPO. The Sayapatri Hydropower Limited (SPHL) IPO will be closed date on 17th Shrawan.

A total of the total 721,060 units share, 2% of the total offered shares or 14,421 units will be allocated for the employees of the company, and 5% of the total offered shares or 36,053 units have allocated to the mutual funds. And the remaining 670,586 units have been issued to the general public. The paid-up capital of the company will reach Rs. 30 Crores after the IPO issuance.

Sayapatri Hydropower IPO
Sayapatri Hydropower IPO

The company issued 3,00,000 unit IPO shares which are 10% of the issued capital of Rs. 3 crores to the project-affected locals of Baglung district (Galkot Municipality and Tarakhola VDC) from Ashadh 02 to Ashad 24, 2079. But only 178,940 units, or 59.64% of the total issue had been allotted to the valid applicants for locals.

The remaining 121,060 units unsubscribed shares are added to 600,000 units (which is 20% of shares reserved for the general public) to make a total of 721,060 units for the general public. In the company, a total of 70% shares are of the promoter shareholders.

NIBL Ace Capital is the issue manager for the IPO issuance. Investors can apply for a minimum of 10 units and a maximum of 30,000 units in this IPO. But applying 10 units is enough for this IPO due to low units for allocation.

CARE Ratings Nepal Limited (CRNL) has given the issuer rating assigned to Sayapatri Hydropower Limited to ‘CARE-NP BB (Is) [Double B (Issuer Rating)]’. This rating is considered to have a moderate risk of default regarding timely servicing of financial obligations in case of emergency.

Sayapatri Hydropower Limited (SPHL)
Sayapatri Hydropower Limited (SPHL)

Our objective to complete hydropower projects at affordable and best price by mobilizing indigenous resources, skills and means for sustainable development of hydropower. So we established Sayapatri Hydropower Pvt. Ltd in 2065/12/20 B.S under the Department of Industries, Company Register Office, Government of Nepal.

To contribute to the economic and social upliftment with the direct participation of the local people, In order to provide maximum profit to the investors, the project was planned on Daram Khola of Argal Ga.Bi.Sa that has reached the final stage of construction by obtaining the 2.5 MW power generation survey license on 2065/12/2020 from the concerned ministry.

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>>> How to Apply IPO from Mero Share

Updated: July 21, 2022 — 7:27 AM

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