Asian Hydropower Company Ltd.’s initial public offering (IPO) raised Rs. 1.66 Arba from 14.92 lakh applicants by the end of the day and was 23.84 times oversubscribed. Asian Hydropower Limited sold 697,200 units of shares to the public as part of their initial public offering (IPO) between the 27th Magh and the 3rd Falgun, 2079, for a total of Rs. 6.97 crores.

Notice Date: February 16, 2023

Asian Hydropower Company Limited was incorporated as a Private Limited Company on May 5, 2016. The company was made public in July 2019. Urja Developers Private Limited, Mrs. Mangala Amatya, and CE Construction Private Limited promote the company. This Hydropower company is currently developing a project in Illam District as Lower Jogmai Hydropower. Asian Hydropower has an installed capacity of 6.20 MW of project Run-of-River.

Asian Hydropower Company Ltd.'s initial public offering (IPO) raised Rs. 1.66 Arba from 14.92 lakh applicants by the end of the day and was 23.84 times oversubscribed.

Asian Hydropower Company was registered as a private company with the Office of Company Registrar under the Ministry of Industry, Trade, and Supplies in January 2017. On July 1, 2019, the company became a public corporation. The business is carrying out the Lower Jogmai Khola Hydropower Project.

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More about Asian Hydropower Company Ltd.’s initial public offering (IPO) raised Rs. 1.66 Arba from 14.92 lakh applicants by the end of the day and was 23.84 times oversubscribed.

Of the 840,000 units, 10%, or 84,000, have already been released and distributed to Nepalese workers abroad. Sixteen thousand eight hundred units, or 2%, are reserved for the company’s staff. Of the total shares offered, 5%, or 42,000 units, have been set aside for mutual funds. Also, there are still 6,97,200 units of shares available for broad public purchase.

The IPO of Asian Hydropower Company Ltd. brought in Rs. 1.66 Arba. The company’s paid-up capital will be 34 crore rupees after the IPO. The corporation wants to raise Rs 6.97 crore through this IPO.

14,92,778 applicants had filed their applications as of the previous day for 16,626,520 units at Rs. 1.66 Arba. As a result, on closing day, the IPO received more than 23.84 times the number of Units from regular applicants. The IPO’s issue manager is NMB Capital Ltd. Applications were accepted for a minimum of 10 units and a maximum of 20,000 units.

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