Sagarmatha Jalbidhyut Company Opening 35,81,760 Units IPO Shares Issue For General Public From 8th Chaitra, 2079
Sagarmatha Jalbidhyut Company Limited is opening 35,81,760 unit shares as an Initial Public Offering (IPO) to the general public from 8th Chaitra, 2079. Prabhu Capital Limited is appointed as the issue manager for the Sagarmatha Jalbidhyut Company IPO issuance. According to the company, the paid-up capital of the company will reach Rs. 1.12 Arba after the IPO issuance.
Sagarmatha Jalbidhyut Company Ltd was established in November 2015 in Kathmandu, Nepal under the Company Act 2053 of the government of Nepal.
Sagarmatha Jalbidhyut Company Ltd is running Super Mai A Hydropower Project that is situated in Illam District, Mechi Zone of the Eastern Development Region of Nepal. It is 550 km away from Kathmandu by road. The project utilizes water from the Kumbhakarna Range, which form the Mai river. The headwork is situated at Sulbung VDC, Illam. The powerhouse is located at Gangate Faat, Sumbek VDC, Illam. It is a run-of-river type of project with an installed capacity of 9.9 MW.
ICRA Nepal has assigned an issuer rating of [ICRANP-IR] BBB- to Sagarmatha Jalabidhyut Company Limited. That means it has a moderate degree of safety r.
Sagarmatha Jalbidhyut Company Opening 35,81,760 Units IPO Shares Issue For General Public From 8th Chaitra, 2079
Out of the total 43,68,000 units:
- 436,800 units have been issued and allotted to Nepalese citizens working abroad
- 218,400 units have been set aside for the mutual funds
- 131,040 units have been set aside for the employees of the company.
- 35,81,760 units are for the general public.