Bikash Hydropower Company Limited has opened its Initial Public Offering (IPO) to the general public starting Ashar 18, 2082. This offering follows the successful completion of the first phase of IPO, which was issued to project-affected locals and Nepali citizens working abroad from Jestha 6 to Jestha 20. The allotment for that phase was completed on Ashar 5.
Public issue includes over 29 lakh shares after reservation
The company received approval from the Securities Board of Nepal (SEBON) to issue 44,54,596 shares, which represents 59% of its issued capital, each with a face value of Rs. 100. The distribution breakdown:
- 9,09,101 shares were already issued to project-affected locals
- 3,54,550 shares allocated to Nepalis working abroad
- 1,77,275 shares reserved for mutual funds
- 70,910 shares set aside for employees
Now, the remaining 29,42,760 shares are available for the general public.
Application details and deadlines
Investors can apply for a minimum of 10 shares and a maximum of 10,000 shares per person. The issue will close as early as Ashar 22, but if under-subscribed, it may remain open until Ashar 32. Based on the high interest observed, the issue is expected to be fully subscribed by Ashar 22.
Applications can be submitted via the issue manager Prabhu Capital Limited, all C-ASBA member banks and financial institutions, and through the Mero Share online platform.
Company’s financial indicators: EPS and net worth per share
As per the audited financial report of FY 2079/80, Bikash Hydropower has posted the following financial indicators:
- EPS detail: Rs. 3.41
- Net Worth Per Share: Rs. 101.44
These figures provide insight into the company’s profitability and asset strength per share. The EPS reflects earnings capacity, while the net worth shows the book value of each share after accounting for liabilities.
About Bikash Hydropower
Bikash Hydropower operates a 3 MW capacity hydroelectric project. The capital raised from the IPO will help strengthen the company’s operations, repay loans, and improve financial stability for long-term growth.
