With Prabhu Capital as the Share Issue Manager, Peoples Power Limited (PEPL) is about to issue IPOs on 31st Shrawan 2079. 24,67,400 Units of Peoples Power IPO are in consideration.
The general public can only avail of 22,94,682 Units of Peoples Power IPO as 1,72,718 Units have been reserved for employees and mutual funds. The company proposes to accumulate a total of Rs 24.67 Crore at a base rate of Rs 100 per share.
The general public can apply for 10-50,000 Units of IPO from 31st Shrawan 2079 to 5th Bhadra 2079.
Peoples Power will reach a Paid up capital of Rs. 63.26 Crores and a Promoter Public share ratio of 51:49 after the successful issuance. It has been rated CARE-NP BB (Is) by CARE Ratings Nepal Limited (CRNL), which also implies a moderate risk with timely servicing of financial obligations.
|Name of the company||Peoples Power Limited (PEPL)|
|Total IPOs||24,67,400 Units|
|IPOs reserved for General Public||22,94,682 Units|
|IPOs for Employee and Mutual Fund||1,72,718 Units|
|Total IPO price||Rs 24,67,00,000|
|IPO Date||31st Shrawan 2079 to 5th Bhadra 2079|
|IPO price per unit||Rs. 100|
|IPO application quantity||10-50,000 Units|
|Issue Manager||Prabhu Capital|
|Paid up Capital||Rs. 63.26 Crores|
|Promoter Public share ratio||51:49|
|CARE Rating Nepal||CARE-NP BB (Is) – moderate risk|
About the Company
Peoples Power was established on 26th January 2017 in Sakhejung and Maipokhari VDC of Ilam, Nepal. The project under consideration is the Upper Puwa-II hydropower project with a capacity of 4.96MW.