IPO Issue of Kalinchowk Hydropower Limited Closing Today; Oversubscribed 38.33 Times So Far
Summary
Kalinchowk Hydropower Limited is closing its IPO today after being oversubscribed 38.33 times, with a total of 22,27,493 applicants and 2,62,52,800 units applied.
Key Points
- Kalinchowk Hydropower Limited's IPO of 6,84,750 units closes today after opening on 22nd Chaitra, 2082.
- The IPO is oversubscribed 38.33 times with 22,27,493 applicants applying for 2,62,52,800 units.
- The issued capital is Rs. 55 crores, with 25% (13,75,000 units) issued to the public including project-affected locals, general public, Nepalese abroad, employees, and mutual funds.
- CARE Ratings Nepal Limited reaffirmed the issuer rating of ‘CARE-NP BB (Is)’, indicating a moderate default risk.
- The 5 MW run-of-river Sangu Khola Hydroelectric Project is developed under the BOOT model in Dolakha District.
