Joshi Hydropower Closing Issue of 1:0.65 Right Share from Today
September 4, 2025 | Investopaper
Joshi Hydropower Limited (JOSHI) is currently selling right shares to the shareholders. The company is floating the right shares in the ratio 1:0.65. This means that the shareholders with 100 shares can apply for the additional 65 shares.
The right issue is open from Shrawan 15, 2082 BS and will close on Bhadra 19, 2082 BS.
For this purpose, the company has announced the book closure date on Ashad 8, 2082 BS. Therefore, the investors holding/purchasing the shares of JOSHI until Ashad 5, 2082 BS will be eligible to subscribe the right shares.
Securities Board of Nepal (SEBON) has given the approval to the company on Jestha 26, 2082 BS. The company had submitted the application to the board on Mangsir 20, 2080 BS seeking permission to float the shares. Only after the approval from the regulatory body SEBON, the company can sell shares to the public.
Laxmi Capital Market Limited is the issue and sales manager for the right offering.
At present, Joshi Hydropower has a paid up capital of Rs. 37.14 crores. Hence, the company has plans to sell 24,14,100 right shares. After the right issue, the paid-up capital will reach Rs. 61.28 crores.
Joshi Hydropower is currently operating a 3 MW Upper Puwa-1 Hydropower Project in Illam District. The project began commercial electricity generation from Magh 1, 2071 BS [January 15, 2015].
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