Modi Energy Limited is one of the public hydropower companies in Nepal. There are many big industrial houses in Nepal promoting this hydropower project. In this content you will find the update about ipo result modi hydro.
IPO result details of Modi Hydro
The promoters of this company are as follows.
- Hydro Solution Group
- Murarka Group
- K.L Dugar Group
- Shankar Group
- Debendra Group
Projects of Modi Energy Limited
The Lower Modi Hydroelectric Project (LMHEP) is located in Deopur, Bajung, Tilahar,Durlung and Chuwa Village Development Committee of Parbat District in the Western Development Region of Nepal. This project is located 50 km west of Pokhara city along the Pokhara-Baglung highway. Geographically, the basin is located between latitudes 28º14’08” and 28º16’18” and between longitude 83º42’30” and 83º44’43”. . The annual generation of energy is 117 GWh with an installed capacity of 20 MW.
Modi Energy Limited IPO issue
First Phase of ipo result modi hydro.
Modi Energy Limited had issued IPO to the project-affected locals and Nepalese citizens working abroad from 25 Flagun, 2079 to Chaitra. The issued capital 29 lakh units at that time. The company already published the IPO allotment result of that first phase.
Second Phase of IPO issue
After the first phase, Modi Energy Limited issued an initial public offering (IPO) to the general public from 20 Jestha to 24 Jestha. At this time the company had issued 6465610 Units shares to the general public. The issued shares are oversubscribed by the applicants. Sunrise Capital is the issue and sales manager of Modi Energy Limited. The issue Manager announced the result date which is Baisakh 31, 2080. Sunday.
What will be the opening price of Modi Energy IPO ?