Mathillo Mailun Khola To Issue 12,84,200 Unit IPO Shares from 18th Ashwin

581

Mathillo Mailun Khola Jalvidhyut Limited will be issuing its 12,84,200 unit IPO shares from 18th Ashwin, 2080. The early closing date of this issue is on the 22nd Ashwin and if the issue is not fully subscribed, it can be extended up to the 2nd Kartik, 2080.

Earlier, the company had issued 10,00,000 unit shares to the project-affected locals of Rasuwa and Nuwakot District out of which only 990,800 units were allotted to valid applicants. Thus, the remaining 9,200 units of unsubscribed shares of project-affected locals are added to 15,00,000 units to make a total of 15,09,200 units for the general public.

Out of the total 15,09,200 units; 1,50,000 units have already been issued and allotted to Nepalese citizens working abroad, 75,000 units are allotted for the mutual funds. The remaining 12,84,200 units are for the general public.

The shares will be issued for Rs. 100 per share.

Sanima Capital has been appointed as the issue manager. Applications could be placed for a minimum of 10 units and a maximum of 10,000 units.

CARE Ratings Nepal Limited (CRNL) has assigned the ‘CARE-NP BB-’ rating to Mathillo Mailun Khola Jalvidhyut Limited. Issuers with this rating are considered to have a moderate risk of default regarding the timely servicing of financial obligations, in Nepal.

Mathillo Mailun Khola Jalvidhyut Limited is a public limited company, incorporated on August 14, 2012. It is promoted by institutional investors majorly related to Sanima Hydro group and other institutes which include Banks and Insurance companies also for setting up of a 14.3 MW run-of-river, Mathillo Mailun Khola Jalvidhyut Project in BOOT (Build, Own, Operate and Transfer) mechanism and located at Rasuwa district of Nepal.

 

Source: Share Sansar