Madhya BhoteKoshi Jalbidhyut company limited which is the sister company of Chilime Hydropower limited is going to open the application to sell the IPO shares from 2078 Ashoj 20. This is the third phase of the IPO issue.
This hydro company had allocated IPO shares to the following areas in the first phase and the second phase are as follows:
- Employees of the Employees fund and contributors of EPF
- Locals peoples of project affected areas
This hydropower project was located in sindhupalchowk district. The main shareholder of this company is Chilime Hydropower company and Nepal Electricity Authority which means this hydropower is promoted by the government of Nepal
Shareholders of Madhya Bhotekoshi Jalbidhyut Company Limited
As we already said that Chimime Hydropower is the main shareholder of this hydropower project. Here we have listed all the shareholders of the Madhya Bhote Koshi hydropower project.
- Chilime Hydropower Company Limited (37%)
- Contributors of EPF (19.5%)
- General Public (15%)
- Nepal Electricity Authority (10%)
- project-affected Local people (10%)
- Employees of promoter companies (3.5%)
- Sindu Bhotekoshi Hydropower Limited (1%)
- Sindhupalchowk Hydropower Limited (1%)
- Sindhu Investment Hydropower Limited (1%)
- Nepal Araniko Hydropower limited (1%)
Result of IPO result ( First and Second Phase) Madhya bhotekoshi Jalbidhyut Company limited.
First, the company issued shares to the contributor and employees of the Employees Provident fund. Second, the IPO was issued to the people of the project affected areas and the people of sindupalchowk district. If you had applied on this first phase and the second phase, you can view the result at the website of Global IME Capital Limited.
ipokhabar.com
IPO details for the general public
This company is issuing 90 lakh units shares to the general public. Out of 90 lakh unit shares the company has distributed 3 lakh and 60 thousand units shares to the employees of the company and 4 lakh and 50 thousand shares to the mutual fund. The general public is applying for 81 lakh and 90 thousand shares. The minimum limit of share application is 10 units and the maximum limit of share application is 10 thousand units’ shares.
About the Credit Rating of this company
The credit rating of this company is CARE NP BB+ ISSUER. The credit rating of this company is Care Rating Nepal. This credit rating shows that this company has a moderate risk of default regarding timely servicing of financial obligations.
About Company
This company was established on 13th Shrawan 2067. The corporate office is located at Kathmandu- 3 Maharajgunj and the hydropower project is located at barhabise municipality ward number -5 and Bhote Koshi municipality ward number -5. The total capacity of this project is 102 Megawatt. The promoter of this company keeps the 51% shares of this company the promoters of the company are as follows.
Chilime Hydropower Company Limited (37%)
Nepal Electricity Authority (10%)
Sindhu Bhotekoshi Hydropower Limited (1%)
Sidhupalchowk Hydropower Company Limited (1%)
Sindhu Investment Company Limited (1%)
Nepal Araniko Hydropower Limited (1%)
Total Share Percentage (51%)
How many units should be apply
As we know that the number of Demat holders are increasing day by day. In the recent IPO of sahas urja Limited which has got applications above 21 lakh. If the 21 lakh applicant applies for the IPO, only eight lakh and nineteen thousand people will get 10 units of shares via lottery. It is better to apply only 10 units shares per applicant.
How to apply on this IPO
It is very easy to apply for this IPO via the mero share application. If you are the mero share application user, you can apply to this IPO by simply logging in to the mero share application
Conclusion
All the details are collected from the official website of Madhya Bhotekoshi Jalbidhyut Company Limited and the issue manager global IME capital. We give you the real data which will make aware to you for the investment.