IPO Allotment Of Balephi Hydropower Concluded (IPO Result !!!)

April 12, 2022 | Investopaper

IPO Allotment Of Balephi Hydropower Limited

Global IME Capital Limited, the issue manager for the initial public offering (IPO) of Balephi Hydropower Limited, has concluded the IPO allotment process on Tuesday. The company had already completed the pre-allotment on Friday.

After the allotment, 1,66,345 applicants received 10 shares each. 3 applicants received additional one shares through lucky draw. A total of 21,71,740 people had applied for the shares. Out of the total applicants, 3,640 applications was disqualified. More than 20 lakh applicants were left empty-handed.

To view the IPO result of Balephi Hydropower Limited, click the link below:

IPO Result Of Balephi Hydropower Limited

IPO To General Public

Balephi Hydropower Limited has issued 18,27,970 shares in the IPO to the general public from Chaitra 16, 2078 BS. Due to full subscription of shares, the IPO was closed on Chaitra 21, 2078 BS.

Out of the total 18,27,970 shares, 4 percent or 73,119 shares are reserved for the employees of the company. Likewise, 5 percent or 91,398 shares are allotted to the mutual funds schemes. Therefore, the general public could participate in the remaining 16,63,453 shares.

One could apply for a minimum of 10 shares and a maximum of 1,00,000 shares at a par value of Rs 100.

Global IME Capital Limited is the issue manager for the IPO.

ICRA Nepal has assigned  [ICRANP] IPO Grade 4+ to proposed IPO of Balephi Hydropower Limited. This indicates below average fundamentals for the company.

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IPO To Locals

In the first phase of the IPO, the company sold 18,27,970 shares to the locals of the project-affected areas from Magh 27, 2078 BS. The IPO issue was set to close on Falgun 12, 2078 BS. However, due to undersubscription until that period, the deadline for application was extended to Falgun 19, 2078 BS. As adequate application was not received until the extended period, the IPO issue was again extended until Falgun 26, 2078 BS.

Out of the total 18,27,970 shares, locals of Ward Number 2,3, and 4 of Jugal Rural Municipality could apply for the 60 percent or 10,96,782 shares. Likewise, locals of Ward Number 5 and 7 of Jugal Rural Municipality, Ward Number 1, 3, 6, and 7 of Balephi Rural Municipality and Ward Number 7 of Sunkoshi Rural Municipality received 40 percent or 7,31,188 shares.

Interested locals could apply for a minimum of 10 shares and a maximum of 1,00,000 shares at a par value of Rs 100.

In total (including locals and general public), Balephi Hydropower floated 36,55,940 shares in the IPO.

About Balephi Hydropower Limited

The company is developing a 36-MW Upper Balephi ‘A’ hydroelectric project in the Sindhupalchowk district. The project is a run-of-the-river (RoR) type. The estimated cost of the project is Rs 6.07 Arba i.e Rs 16.90 crores per MW. The project is to be funded by debt and equity in the ratio of  70:30.

At current, Balephi Hydropower has a paid-up capital of Rs 1.46 Arba. After the issue of the public offering (if fully subscribed), the paid-up capital will rise to Rs 1.82 Arba. The major shareholdings include:

–Mr. Shakti Kumar Golyan (18.25%),

–Mr. Shulav Agrawal (18.25%),

–Mr. Shushil Gupta (17.50%),

–Mr. Shandeep Kumar Sharda (15%),

–Mrs. Prabha Goyanka (Bhimshariya) (9.95%) and

–Mr. Umesh Kasaju (8.68%)


List Of Hydropower Projects In Nepal (Developed By Private Sector)

List Of Hydro-power Projects With Construction License


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3 thoughts on “IPO Allotment Of Balephi Hydropower Concluded (IPO Result !!!)

  • December 14, 2021 at 5:21 pm

    Jay nepal

  • February 15, 2022 at 7:34 am

    can sindhupalchok whole district apply for this hydropower ipo .

  • March 3, 2022 at 3:29 pm

    Hello sir indrawati,2 ley varna paaux ki jai ??
    Ani yo kunchok,2 ley ni ??

    Looking forward to your reply.


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