Table of Contents
Introduction
Manakamana Engineering Hydropower is issuing an IPO (initial public offering ) of 8,00,000 units worth Rs. 8,00,00,000, which is 10% of the company’s paid-up capital. The company will float this IPO in two phases. In the first phase it will be opened to locals and foreign employees after the completion of issuing then it will be opened to the general public.
Manakamana Engineering Hydropower opening the issue of 8, 00,000 units of shares for the Locals of Ward no of 5,6,7,8 of Gaurishankar Rural Municipality Ward no 4 of Bigu Municipality, and Ward no 3 of Kalinchowk Rural Municipality of Dolakha District From 19th Ashad,2080 BS to 2nd Shrawan 17, 2080 BS.
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If it is not fully subscribed then the application date will be extended to 17 Sharwan, 2080 BS which is unlikely to happen as it will get oversubscribed. Similarly, 2, 00,000 units of shares will be issued to the Nepalese in Foreign employment which is also open on the same date for local people.
After the completion of issuing shares to the local and foreign employees Manakamana Engineering Hydropower will open an issue for the general public will be 28,00,000 units of shares at a par value of Rs. 100. The Company has got a Care Np BB rating which means the medium risk in investment on the company.
The company has appointed the Bank of Kathmandu Capital Market Limited as the issue manager. The share structure of the company after the issuing of the IPO( if fully subscribed) will be 35% public and 65% promoter Holding.
Company Details
Manakamana Engineering Hydropower Ltd. is a public limited company established under the companies act in 2067/04/02 B.S. The main vision of the company is to become the top hydropower investment company in Dolakha.
Nepal by mobilizing funds for investment in the generation, transmission, and distribution of hydroelectricity and freeing the country from chronic power shortage, providing energy security, and realising its export potential. The main office of the company is located at Anamnagar, Kathmandu.
| Chairman | Krishna Bhadur Upreti |
| Director | Ram Hari Bajagain |
| Director | Narayan Dhatt Timalsina |
| Director | Radhe Shyam Khadka |
Financial Details
| Simple Payback Period | 11.58 years |
| Discounted Payback Period | 27.28 years |
| Earning Per Share | Rs. 74(78/79) |
| Earning Per share | Rs. 8.37(78/79) |
To know more about the company click Here.
Q: When will the Manakamana Engineering Hydropower IPO result be published?
A: One week After the Complete issuing of the IPO to locals, foreigners, and the general public.
Q: How many units of share we can apply?
A: For the locals 10 to 100000, for foreign employees 10 to 50000 and for the general public 10 to 10000 units of shares. As a trend, it is advisable to apply 100 units for local, 20 units for foreign, and 10 units for the general public.