The hydropower proposes to issue 9 Lakh units of IPO shares worth Rs 9 Crores after approval. The allotment process shall incorporate 3 lakh Units IPOs for Project affected Locals and 6 Lakh units for the general public.
Sayapatri Hydropower has appointed NIBL Ace Capital as its Issue Manager.
The company has a Total Paid-up capital of Rs 50 crore and its portfolio includes the 2.5 MW Daram Khola Hydro Project in the Baglung district.
|Name of Company||Sayapatri Hydropower Limited|
|IPO Issue Date||29th July 2022 | 13th Shrawan 2079|
|Number of total IPO||921,060 Units|
|IPO for Project affected Locals||3,00,000 units|
|IPOs for the general public||721,060 Units|
|Total IPO price||Rs 9,21,06,000|
|Sales Manager/ Share Registrar||NIBL Ace Capital|
|Minimum IPO application||10 Units|
|IPO price per unit||Rs 100|
|Total Issued Capital||Rs 30 crore|
|Total Paid-up capital||Rs 50 crore|
|CARE Nepal Ratings||CARE-NP BB (Is) | moderate risk|
Even though the details look encouraging, let’s wait and watch for Sayapatri Hydropower IPO.