Kalinchok Hydropower has issued 1,375,000 primary shares worth NPR 137.5 million for the general public. Applications for the IPO can be submitted for a minimum of 10 shares and a maximum of 10,000 shares, with the application window open until Chaitra 25.
The company’s project, located in Sangukhola of Dolakha district, has a generating capacity of 5 megawatts and a total project cost of NPR 120 crore.
Kathmandu, 22 Chaitra – Kalinchok Hydropower has officially opened its primary shares (IPO) to the general public. The company plans to sell 25 percent of its issued capital of NPR 550 million, which amounts to NPR 137.5 million or 1,375,000 shares, to public investors. After allocating shares to local communities affected by the project, Nepalis working abroad, collective investment funds, and employees, 684,750 shares remain reserved for the general public.
The IPO application process allows investors to apply for a minimum of 10 shares and a maximum of 10,000 shares, according to sales manager RBB Merchant Banking. The application window closes on Chaitra 25. Care Ratings Nepal assessed the company with a BB rating, indicating a moderately weak capacity for debt repayment.
Applications can be submitted via member banks and financial institutions of ASBA or through the CDSC’s online platform, Meroshare. The project in Sangukhola, Dolakha district, was developed with a 5 MW capacity. The total project cost is NPR 120 crore, with a cost per megawatt of NPR 24.14 crore. The payback period for regular investments is set at 9.19 years, while the payback period on a discounted basis is 15.36 years.
