Himalayan Hydropower Ipo Result Date – 2022: We can check result of Ipo of Himalayan Hydropower through the mero share result in the app or following through this Link: https://iporesult.cdsc.com.np/
Himalayan hydropower Limited is a registered public limited company established under the companies Act 2063 of Nepal, with the objective of promoting hydropower in Nepal through private investment.
Contents
History
Himalayan hydropower Limited was incorporated as a private limited company on 2061 Mangsir 22 BS and later converted into the public’s company as Himalayan Hydropower Limited on 2074 Baishak 28.
Overview
Formerly, the organization issued 9,00,000 unit IPO shares, representing 8.22 % of the issued capital of Rs. 1.09 Arba, to assignment-affected citizens of Kaski District (Madi VDC) from the twenty fifth Baisakh to the twenty third Jestha, 2079. However, only 2,81,750 devices out of a total of 9,000 had been subscribed. As a end result, the final 6,18,250 unsubscribed stocks are brought to the 13,50,000 units (which is 12.33 % according of the stocks reserved for the majority) for a total of 19,66,250 devices for the majority. The promoter shareholders own 79.45 % in keeping with of the corporation’s shares.
Result Date
| Himalayan Hydropower Ipo Result | In 2nd or 3rd week after the ipo issue closing date |
Ipo Issue Details
Himalayan Hydropower IPO Details
Himalayan Hydropower Limited is issuing 19,68,250 units through Initial Public Offering (IPO) to the public from Ashadh 15, 2079. The overall rating of Himalayan Hydropower Limited is B+.
| Name of Company | Himalayan Hydropower Limited |
| Sector | Hydropower |
| Total Share For Public | 19,68,250 units |
| For Employees | 39,365 units (2%) |
| For Mutual Funds | 98,413 units (5%) |
| For General Public | 18,30,472 units (93%) |
| Himalayan Hydropower IPO Open Date | Ashadh 15, 2079 |
| Himalayan Hydropower IPO Close Date | Ashadh 19, 2079 |
| IPO Issue Manager | Global IME Capital Limited |
| IPO Rating | B+ |
How to apply for IPO in Nepal?
- Visit https://meroshare.cdsc.com.np/ and log in with your Depository Participants, User name, and Password.
- You will see the home page or Dashboard.
- Go to the tab My ASBA.
- Under Apply for Issue, you will see the list of IPOs you can apply.
- Click Apply on the company you want to apply IPO.
- After filling out the form with details like Bank, Branch, Account Number, Applied Kitta, Amount, CRN, and agreeing to the terms and conditions, click Proceed.
- Enter your 4-digit pin and GO !!! Your share has been applied Successfully.
Mission’s of Himalayan Hydropower
The main objective of the company is optimum use of water to generate hydropower electricity which ultimately fulfills the demand of electricity of the country.
Rating of Himalayan Hydropower
ICRA Nepal has downgraded Himalayan Hydropower restrained’s issuer rating to [ICRANP-IR] B+ (suggested ICRA NP issuer rating B plus) from [ICRANP-IR] BB+ (mentioned ICRA NP company rating double B plus). This score indicates that the issuer is at a excessive threat of default in phrases of well timed servicing of economic responsibilities.
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Himalayan Hydropower restricted (HHL), established in December 2004 as a non-public limited employer, became transformed to a public restrained organization in may also 2017 to allow for greater public participation. As of June 2019, the company’s paid-up capital was NPR 664 million. Mr Khom Bahadur K.C. (20%), Mr Min Bahadur Khadka Chhetri (6%), and Mr Sudhir Yadav (5%), among others, are important promoters. If the proposed IPO trouble is completely subscribed for, the promoter retaining might be reduced to 75%. Following the proposed IPO, the agency’s shares are expected to be listed on the stock trade. The proposed fairness could be used to fund the improvement of the 11.88MW Namarjun Madi hydroelectric venture.
Check Himalayan Hydropower IPO Result
You can check result of the Himalayan Hydropower IPO result from the legit website after the end result is published. Accomply with these steps to test the Himalayan Hydropower IPO result online. Himalayan Hydropower Ipo Result check online.
- Click on the above button to visit the official website
- Select Himalayan Hydropower Limited from the select company drop-down input field.
- Enter your demat number in the 16-Digit BOID input field.
- Click on the “View Result” Button.
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