Kalinchowk Hydropower Issues IPO for General Public From Today; In Depth Analysis of Company Performance
Summary
Kalinchowk Hydropower Limited has launched an IPO for the general public offering 1,375,000 shares at Rs. 100 par value, representing 25% of paid-up capital, backed by a 5 MW hydropower project in Dolakha, Nepal, with a CARE-NP BB issuer rating and promising long-term earnings despite initial operational losses.
Key Points
- Kalinchowk Hydropower Limited is issuing 1,375,000 shares at Rs. 100 par value, representing 25% of its paid-up capital of Rs. 55 Crores.
- The company is developing a 5 MW Run-of-River hydropower project in Dolakha District under a BOOT model with a PPA from Nepal Electricity Authority.
- The IPO has a CARE-NP BB issuer rating indicating moderate financial risk, valid until July 6, 2026.
- Financial projections indicate initial losses in the commercial operation year but significant EPS growth and a healthy net worth per share in subsequent years.
