People’s hydropower IPO allotment will conclude after the election as per the sources. Recently on Kartik 29 IPO closed for the general public. 2.9times already oversubscribed the IPO of People’s hydropower limited. Peoples Hydropower Corporation Private Limited was created on October 9, 2007, and on February 27, 2019, it changed its status to Public Limited. Peoples Hydropower Company Limited (PHDCL) is a public limited liability company. Individual promoters from various backgrounds and institutional investors are involved in constructing a 54 MW run-of-river Super Dordi Hydropower Project Kha (SDHPK) in Nepal’s Lamjung district. The project’s building method is Build, Own, Operate, and Transfer (BOOT).
Following the expiration of the Generation License, which has a 35-year duration, the project should be handed over to the Nepalese government on whatever terms the project requires. Care Rating Nepal Limited assigned the PHDCL the ratings “CARE-NP BB” for its long-term bank facilities and “CARE-NP A4” for its short-term bank facilities. The estimated date of this IPO outcome is unknown due to the election. As a result, the outcome of this IPO will be published after the election.
Here are some details of the IPO of Peoples Hydropower
Here are the details of the IPO of Peoples Hydropower limited.
|Number of shares||56,06,390|
|For mutual fund||2,80,320|
|For General Public||51,57,880|
|Number of Total Applicants||12,68,217|
|Total Oversubscribe||2.9 Times|
|Opening date||25 Kartik 2079|
You can check the People’s Hydropower IPO allotment by following the iporesult.cdsc.com.np site from your device. One can check the IPO result from Mero Share as well in the application report. Do not forget to check the list of upcoming IPO in Nepal. Please follow and share Pravidhi Asia for more IPO and Share market updates. If you are allotted do not forget to share in the comment below.