Three Star Hydropower Limited IPO
As the investment market continues to evolve, Three Star Hydropower Limited is set to unveil its highly anticipated Initial Public Offering (IPO). This article aims to provide potential investors with valuable insights into the upcoming Three Star Hydropower IPO, shedding light on crucial details and the company's background. Join us as we delve into the exciting prospects of this investment opportunity.
Three Star Hydropower Limited IPO Details:
The Three Star Hydropower Limited IPO will feature the issuance of 613,162 unit shares, each with a face value of Rs 100. The IPO is scheduled to commence on the 5th of Ashad, 2080, with the aim of raising an impressive amount of Rs 6.13 crore from the general public. Initially, the IPO will close on the 8th of Ashad, but if the desired subscription level is not achieved, the closing date may be extended until the 19th of Ashad, 2080.
| Name of Company | Three Star Hydropower Limited |
|---|---|
| Sector | Hydropower |
| IPO Issue Date | To be finalised |
| Number of total IPO | 12,31,250 units |
| Total IPO price | Rs 12,31,25,000 |
| Sales Manager/ Share Registrar | Himalayan Capital Limited |
| Minimum IPO application | 10 Units |
| IPO price per unit | Rs 100 |
| Earning per share (EPS) | Not available |
| Total Paid-up capital | Not available |
| ICRA Nepal Ratings | Not available |
Distribution of Shares:
Out of the total 738,750 units, Three Star Hydropower Limited has already allocated a portion to different stakeholders. Specifically, 10% of the shares (73,875 units) have been reserved for Nepalese citizens working abroad, 5% (36,938 units) have been set aside for mutual funds, and 2% (14,775 units) have been allocated to the company's employees. The remaining 613,162 units are open for subscription by the general public. This IPO issuance will significantly boost the company's paid-up capital to an impressive Rs. 49.25 Crores.
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Background of Three Star Hydropower Limited:
Three Star Hydropower Limited, a public company based in Province 1, Haleshi Tuwachung Municipality, Khotang, has gained prominence since its establishment in 2072 BS. The hydropower project boasts an impressive total capacity of 7.151 MW and obtained its Survey License on 2073.07.09 BS, followed by the Generation License on 2074.09.03 BS. The company owes its name to its three visionary founders: Kumar Kharel, Mohan Karki, and Madhav Mainali, who initiated the venture. Over time, Uddhav Raj Shivakotee 'Kangal', Pradeep K Agrawal, Ananda P Manandhar, Zen Lama, and Ratna Bdr Newar joined forces, solidifying the company's foundation.
IPO Management and Application Process:
To ensure a seamless IPO process, Three Star Hydropower Limited has appointed Himalayan Capital Limited as the designated issue manager. Aspiring investors can submit their applications, with a minimum requirement of 10 units and a maximum cap of 50,000 units. It is crucial to note that this IPO opportunity is equally open to seasoned investors and individuals new to the market, promising an inclusive investment experience.
ICRA Nepal Ratings:
Three Star Hydropower Limited has been assigned an issuer rating of [ICRANP-IR] B- by ICRA Nepal. This rating suggests a relatively higher risk of default in terms of the company's ability to meet its financial obligations within specified timelines. Investors are advised to carefully evaluate this aspect when making their investment decisions.
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Conclusion:
The Three Star Hydropower Limited IPO unveils a compelling investment opportunity that should not be overlooked. With a robust background, a strong management team, and a notable hydropower project, the company is poised for growth and success. As investors consider their options, the Three Star Hydropower Limited IPO stands out as a promising venture in.
