Modi Energy Limited is issuing Rs 100 per unit 72,50,000 units of shares. The company is issuing 10 % of the share which is 29,00,000 units of shares to project-affected locals, 3,22,280 units to mutual funds, 1,28,910 units to the worker of the company, 4,35,000 to Eligible foreign employees of Nepal and 59,94,420 units to the general public. Modi energy limited is from the Hydropower sector.
Modi Energy Limited will open the issuing for Eligible foreign employees of Nepal and project-affected locals from 25th falgun to 9 Chaitra 2079 and the general public from 2080/01/19 to 2080/01/24 B.S. The applicant can apply from 10 units to a maximum of 2000 units.
If you are unaware of how to fill out the Modi Energy limited IPO then click on the Apply IPO Here to know information about to fill the IPO online.
Table of Contents
Company Details :
Modi energy limited is established with the main objective to promote the hydropower sector of Nepal through private investment. The registered office of the company is located at Dilli Bazar, Kathmandu. The Hydro solution group, Kl sugar group, Muraka Group, Shanker Group, and Devendra Group are the shareholders of the Modi Energy Limited company.
The Lower Modi Hydroelectric Project (LMHEP) is situated in the Western Development Region of Nepal, in the Parbat District. The project is positioned within the Deopur, Bajung, Tilahar, Durlung, and Chuwa Village Development Committees, approximately 50 km west of Pokhara City, along the Pokhara-Baglung highway.
The geographical location of the project falls between the latitudes of 28º14’08” and 28º16’18” and the longitudes of 83º42’30” and 83º44’43”. The river basin stretches up to 7555 meters above sea level.
The LMHEP has an installed capacity of 20 MW and can produce 117 GWh of energy every year. This renewable energy source can provide electricity to the local communities and decrease their reliance on non-renewable energy sources.
Hydropower projects, such as the LMHEP, have significant economic benefits, including job creation and increased revenue for the local government, while also providing clean and sustainable energy to communities.
Modi Energy Limited has appointed Sunrise Capital Limited as the issue manager. It has got a Carenp BB+ rating. The net worth per share of the company is Rs. 92.57 for 078/079 Chaitra and the earning per share is Rs. 0.61 and the expected net worth per share and earnings per share will be Rs.87.61 and Rs.15.21 for the 079/80. The capital structure of the company will be 75% promoter holding and the remaining 25% public holding of the company.
To know more about the company click here
FAQ
When will Modi Energy Limited Open IPO for the general public?
Modi Energy Limited will open an IPO for the general public from 2080/01/19 to 2080/01/24 B.S.