Sanjen and Rasuwagadi Hydropower IPO opens from today

April 19, 2019 | Investopaper

The Initial Public Offering(IPO) of Sanjen Hydropower and Rasuwagadi Hydropower is open to the general public from today (Baisakh 6, 2076). Sanjen Jalavidyut Co. Ltd. and Rasuwagadhi Hydropower Co. Ltd. are the two subsidiary companies of Chilime Hydropower.

Related: How to apply IPO/FPO/Right Share through Mero Share?

Both companies received approval to float IPO from the Securities Board of Nepal (SEBON) on Chaitra 10, 2075.

Sanjen Jalavidyut Company Limited IPO

Sanjen Jalavidyut Company will issue 54,75,000 shares to the general public in the IPO at the par value of Rs. 100. The IPO is worth Rs. 54.75 crores. The issue will remain open until Baisakh 10, 2076 and in case the IPO is not fully subscribed, it will extend to Jestha 5, 2076.

Out of the total IPO shares, 5 percent or 2,73,750 shares are reserved for the mutual funds. Likewise, 4 percent or 2,19,000 shares are reserved for the employees of the company. The general public will apply for the remaining 49,82,250 shares.

The applications can be placed for a minimum of 10 unit to maximum 2,000 units.

Citizen Investment Trust is the issue manager for the public offering. Likewise, Sunrise Capital Limited and NMB Capital Limited are the co-issue manager.

ICRA Nepal Limited has assigned an IPO Grade 4+ to the IPO of the company. This indicates below average fundamentals of the company

Sanjen Jalavidyut Company is constructing Sanjen Upper (14.8 MW) and Sanjen Jalavidyut Project (42.5 MW).  The estimated cost of the project is 8.65 arba and per megawatt cost of Rs. 15.09 crores.

The normal payback period of investment is 6.7 years whereas the discounted payback period is 10.40 years.

After the IPO, the general public will possess 15 percent shares of the company.

For more information about the company, visit the company’s website http://www.sjcl.com.np/

Rasuwagadhi Hydropower Company Limited IPO

Rasuwagadi hydropower company will issue 102,63,150 units share to the general public as the initial public offering (IPO). The IPO is worth Rs. 102.63 crores. The issue will be open until Baisakh 10, 2076 and it will extend to Jestha 5, 2076 in case the issue is not fully subscribed.

Out of the total issue, 4,10,526 shares are reserved for the employees of the company. Likewise, 5,13,157 shares are allotted to the mutual fund schemes. The general public will participate in the remaining 93,39,467 shares.

Siddhartha Capital Limited is the issue manager for the IPO of Rasuwagadhi Hydropower. Likewise, NIBL ACE Capital Limited, Sunrise Capital Limited, and Global IME Capital Limited are the co-issue manager appointed for the IPO issue.

The interested investors can apply for a minimum of 10 unit and the maximum of 5,000 units.

ICRA Nepal Limited has assigned below average fundamentals i.e. an [ICRANP] IPO Grade 4+ (Pronounced as ICRA NP IPO Grade Four Plus) to the IPO issue of the company.

The company is developing Rasuwagadhi Hydroelectric Project having a capacity of 111 MW. It is located in Rasuwa district.

The per megawatt cost for the project is estimated at Rs. 15.12 crores. The normal payback period and the discounted payback period of the investment are 8.12 years and 13.86 years respectively.

After the issuance of the IPO, the general public will possess 15 percent of the Rasuwagadhi Hydropower.

For more information about Rasuwagadhi Hydropower, visit the company’s website http://rghpcl.com.np/

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6 thoughts on “Sanjen and Rasuwagadi Hydropower IPO opens from today

  • January 28, 2021 at 6:08 am
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    my demate account and mero share account does not display 40 kitta share of sanjen hydroelectricity what should I do now?

    Reply
    • February 8, 2021 at 11:18 am
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      Same problem 40 kitta of sanjen jalbidhut not display in my share account?

      Reply
    • February 10, 2021 at 4:25 pm
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      मेराे ५० कित्ता एलाेट भयकाे हाे मेराे शेयेर र डि म्याटमा किन देखाउदैन कसैलाई जानकारी छकी

      Reply
  • February 12, 2021 at 7:51 am
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    मेराे 30 कित्ताएलाेट भएकोमा डिम्याटमा देखाउदैन के गर्ने हाेला

    Reply
  • March 26, 2021 at 12:39 am
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    मेरो पनि 50 किता परेको अहिले देखाउदैन् के किन हो ????

    Reply
  • January 22, 2022 at 8:16 am
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    Same problem of sanjen and rasuagadi

    Reply

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