Synergy Hydropower Ipo Result

Subject:

Initial Public Offerings of a string of public limited companies are in the pipeline. There are five hydropower companies in pipeline to issue IPO.

Arun Kabeli Power Company Limited (AKPL) is proposing to come out with an Initial Public Offering of worth Rs 45 crore at ­­face value NPR 100 each at par.

Of the total shares, 1,500,000 unit shares will be issued to project affected population while remaining 3,000,000 unit shares will be issued for general public and staffs.

An official of Arun Kabeli Power Company said, “Sebon will approve the IPO for the locals within a week and after 3 months the company will float IPO for the general public.”

Siddhartha Capital Limited has been assigned as the issue manager for the IPO issue.

ICRA Nepal has assigned an “[ICRANP] IPO Grade 4+”, indicating below average fundamentals to the proposed initial public offering (IPO) of Arun Kabeli Power Company Limited (AKPL).

Dibyaswori Hydropower Limited is planning to come out with IPO for local people.

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The company will be floating 26.40 crore (26.40 lakh unit shares) to the locals of the project affected areas.

The Hydropower project is situated at Dhupu VDC in Sankhuwasabha. The hydropower project has the capacity of generating 4MW electricity.

Ace Capital Limited has been assigned as the issue manager for the IPO of Dibyaswori Hydropower Company Limited.

After the IPO for the locals of project affected area, the company will be floating 3, 96,000 unist for the general public.

Khani Khola Hydropower Company Limited will be floating IPO worth Rs 9.

31 crore (9.31lakh unit shares) to general public.

Civil Capital Market Limited has been appointed as the issue manager.

An official of Civil Capital Markets Limited said, “The IPO is on review process in Sebon.

The IPO will be issued within a month.”

The Hydropower project is situated at Lalitpur district.

Synergy Power Development Limited has decided to issue IPO of Rs 7 crore (7 lakh unit shares) for the locals. Civil Capital Market Limited is the issue manager for the IPO.

The company has its investment in 10 MW Sipring Khola Hydro Power Company.

Himalayan Power Partner Limited is planning to issue Rs 10.65 crore (10.65 lakh unit shares) IPO for the general public.

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Global IME Capital Limited is the issue manager for the IPO.

Himalayan Power was established in 2061 B.S. as a private limited company with the main objectives to provide the services in the fields of research, development and consultation in the energy sector.

The company was transformed to the Public Limited Company in June 2013 after entry of NRN Investment Limited as a partner. The company is developing Dordi Khola Hydropower Project (27 MW) in Lamjung, Nepal.

Source : Share Sansar

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