The allocation of Kalinchowk Hydropower’s initial public offering (IPO) has been completed. The shares were allocated through a formal ceremony conducted by the issue manager, RBB Merchant Banking. Accordingly, 68,475 applicants each received shares at a rate of 10 shares per applicant. The company had issued 684,750 shares to the public from Chaitra 22 to 25 at a price of NPR 100 per share.
A total of 2,784,519 applicants had applied for the shares, of which 2,635,634 applications were approved.
The company has constructed a public project with a capacity of 5 MW utilizing the Sangu River flowing in Dolakha district. The total cost of the project construction was NPR 120 crore, with a cost of NPR 24.14 crore per megawatt. The simple payback period for the investment is 9.19 years, while the discounted payback period is 15.36 years.
