The Maya Khola Hydropower Company has decided to offer an IPO to locals and Nepalese workers impacted by the project. The Maya Khola Hydropower Company has requested Project stakeholders, including locals and Nepalese nationals working abroad, to purchase the shares offered by the company.
Notice Date: January 26, 2023
More about IPO shares offering to locals and Nepalese workers impacted by the project by the Maya Khola Hydropower Company.
Also, the company published a notice regarding closing the allocation plan on June 26, 2079. 10% of the company’s outstanding capital, or 100,000 units valued at Rs. 10 crores. To those who lived in the Sankhuwasabha District who were impacted by the project were distributed. 24,00,000 unit shares, or 24% of the company’s existing stock, will be issued in a later public offering. For Nepalese nationals working abroad, 10% of the shares, or 2,40,000 units, are reserved in this public sale. The offering begins on September 23, and Prabhu Capital Ltd. is the IPO’s issue manager.
By the notification published, the company officially notifies locals and Nepalese workers impacted by the project that on Poush 26, the issue units are given out to the applicants. The issuer rating of [ICRANP-IR] BB- for Maya Khola Hydropower Company Limited has been certified by ICRA Nepal (pronounced ICRA NP issuer rating double B negative). The prompt service of financial obligations poses a negligible default risk for issuers with this rating.
All about the company:- The Maya Khola Hydropower Company
The Maya Khola Hydropower Company is executing the Maya Khola Hydropower Project. The corporation was registered as a private limited company on May 28, 2010 (14 Jestha, 2067), with registration number 73167/066/067. The company changed from a sole proprietorship to a public limited company on May 12, 2016 (20 Mangshir 2073), receiving registration number 159553/073/74. This conversion was carried out to make it simpler for the corporation to issue equity to the general public.
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