Table of Contents
Introduction
Bhagawati Hydropower IPO(Initial Public Offering) is coming for the local, foreign employee and the general public. The company is issuing 8,00,000 units of shares at a face value of Rs. 116 (100 face value and premium value of Rs16). The company will give the IPO in two-phase, in 1st phase it will be open to the project-affected locals and eligible Nepalese foreign employees and in the 2nd phase, it will be open to the general public.
Bhagawati Hydropower IPO will open 5,72,065 units of shares to the project-affected locals of the Kaski district and 85,810 units of shares to the eligible Nepalese foreign employees for 24 Ashad to 7th Shrawan of 2080.
After being issued to the project-affected locals and eligible foreign employees the issue will be open to the general public. The company has signed a contract with Siddhartha capital limited for the issue manager. The company has got BBB- rating from Care Nepal.
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Company Details
Bhagawatic Hydropower Development company limited was established on the 3rd of poush 2057 B.S. Its main office is located at Subidanagar, Tinkune, Kathmandu. It had been more than 12 years of operating and contributing to the national production of electricity from the company. The company can produce electricity for 35 years from the operation date.
There is a total of 52 Shareholders as of 2023/7/3 and the authorized capital and issued capital of the company are Npr 68,00,00,000 and Npr 57,20,64,700 respectively. Mr. Hari Prasad Pandey is the chairman of Bhagawati Hydropower Company Limited.
Financial Details
The Networth per share of the Bhagawati Hydropower IPO is Rs. 120.41, Eps( earning per share) is Rs. 14.23 and the Total profit of Bhagawati Hydropower is Rs. 87,572,745 for the fiscal year of 078/079.
The simple payback period and Discounted payback period of Bhagawati Hydropower are 4.15 years and 5.71 years.
Q. What is the opening Price of the Bhagawati Hydropower IPO?
A: The Opening price will be from 126-378 but there will be minor changes as the quarterly report is yet to come.