Daram Khola Hydro IPO Now Open for Public! Invest in Renewable Energy
Are you looking to invest in Nepal’s stock market and interested in hydroelectric power projects? Daram Khola Hydro Energy Limited has just opened its Initial Public Offering (IPO) for the general public today! This is a fantastic opportunity to become a shareholder in a promising hydropower company.
Previously, the company successfully allocated shares to local residents in the project-affected areas and Nepalese citizens working abroad. Now, it’s the general public’s turn to participate in this exciting IPO investment opportunity.
IPO Details and Investment Information:
Daram Khola Hydro Energy Limited is issuing 3,950,000 shares, representing 38.33% of its total issued capital, which is worth NPR 395 million.
- For the General Public: A significant 2,423,185 shares, priced at NPR 100 per share, are now available for public subscription.
- Minimum and Maximum Investment: Investors can apply for a minimum of 10 shares. The maximum shares available for investment are capped at 50,000.
- Apply Now: The IPO application process is open now, and it is your chance to grab the opportunity.
About the Daram Khola Hydropower Project:
This IPO is linked to the 9.6 MW Daram Khola Hydropower Project. This project has an estimated total cost of NPR 2.38 billion, translating to approximately NPR 247.9 million per megawatt. The project’s electricity license has an impressive 28 years remaining. The estimated payback period on the investment is approximately 9.83 years, or 17.90 years on a discounted basis. This represents a great long-term investment opportunity.
Company Rating & Financials:
InfoMerics Credit Rating Nepal has assigned Daram Khola Hydro Energy Limited an Issuer Rating of IRN Double B-. This rating suggests an average risk profile for the company’s ability to meet its financial obligations. Investing in this hydropower IPO comes with associated risks.
How to Apply for the IPO:
The issue manager for this IPO is Laxmi Sunrise Capital Limited. You can apply through all C-ASBA (Application Supported by Blocked Amount) member banks and financial institutions approved by the Securities Board of Nepal (SEBON). You can also apply through their designated branch offices using the C-ASBA system.
Why Consider This IPO?
- Invest in Nepal’s Growing Economy: Investing in this hydroelectric power IPO helps to support Nepal’s growing economy.
- Support Sustainable Energy: This is a chance to invest in sustainable energy and support Nepal’s renewable energy sector.
- Potential for Good Returns: The IPO offers potential for capital appreciation with the right approach to the investment.
Don’t miss out on this chance to participate in the Daram Khola Hydro Energy Limited IPO! Start your investment journey in the Nepal Stock Market today and grow your portfolio. This is an ideal opportunity for those seeking to invest in hydropower and diversify their investment portfolio. Act quickly, as this IPO is only open for a limited time! Get your IPO application ready!
