Upper Hewa Khola Hydropower IPO- Mero Share Application Process

Upper Hewa Khola Hydropower IPO is opened to the general public. Upper Hewakhola Hydropower Company Limited (UHKHPC) has issued 15,00,000 units of Rs 100 face value of total worth Rs. 15 crore IPO to the general public from Ashad 24, 2079. The early closing date of this issue is on Ashad 29. Applicants need to apply for the IPO till July 13, 2022.

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A total of the offered 15,00,000 units; 30,000 units have been secured for the employees of the Upper Hewa Khola Hydropower company and 75,000 units have been secured for the mutual funds. The remaining 13,95,000 units are issued to the general public.

The interested investor can be placed for a minimum of 10 units and a maximum of 1,00,000 units for this IPO. But applying 10 units is enough to this IPO due to low numbers of share available for each distribution.

NMB Capital Limited is the issue manager for the IPO issuance. So, you can find the notice and IPO result on the NMB Capital page as well.

Upper Hewakhola Hydropower Company Ltd has already issued 10% of the capital and allotted to the locals of Sankhuwasabha district, whereas, 30% is allocated for the general public. The total capital of the company after the allotment of IPO to the general public will be reached Rs 50 crore.

Care Ratings Nepal Limited (CRNL) has given the issuer rating assigned the company to ‘CARE-NP BB (Is)’. This rating is considered to have a moderate risk of default regarding the timely servicing of financial obligations in Nepal if any required.

A public corporation, Upper Hewakhola Hydropower Company Ltd. was originally founded as Upper Hewakhola Hydropower Pvt. Ltd. on March 13, 2012. Later, on June 6, 2018, it changed its status to become a public corporation. An 8.5 MW run-of-river Upper Hewakhola Small Hydropower Project under the BOOT (Build, Own, Operate, and Transfer) model is being developed by institutional as well as private promoters from various backgrounds in the Sankhuwasabha district of Nepal.

How to Apply from Mero Share- Upper Hewakhola Hydropower IPO

You can apply Upper Hewakhola Hydropower Company Ltd IPO from mero share to complete the following steps;

1. Go to official website  meroshare cdsc com np login
2. Select Your DP (Bank or Capital where you open your mero share and CRN account)
3. Enter the user name and password,
4. Click on login bottom
5. Go to my ASBA
6. Click on my ASBA
7. See the Apply on issue
8. Click on the Apply bottom
9. Fill in the required information (Select bank account, number of applied shares)
10.  Enter the CRN number on the same page and click on all information in the current option,
11. Then click on apply
12. Then write the four-digit security code
13. Then submit
14.  Application was completed; you will see that successfully applied with green color.