Molung Hydropower IPO Approved | Opening Details

Molung Hydropower Company Limited is on the list of the latest approved IPO from the Securities Board of Nepal.

On the IPO Approved section of SEBON updated on the 7th of December 2022 they’ve added MHCL for both Local and Public.

Located in the Okhaldhunga district of Sagarmatha Zone, the Molung hydropower project is spread at Harkapur, Prapcha, and Baruneshwar VDCs.

Company NameMolung Hydropower Company Limited
IPO StatusApproved
Registered Shares8,025,000
Formed31st Baishakh 2067 (14 May 2010)
Zone & DistrictSagarmatha, Okaldhunga
Capacity7000 kW
Average Annual Energy35.729 GW
Basic Information on Molung Hydropower Company Limited

Molung Hydropower IPO Opening Information

Issue TypeUnitsOpeningClosingExtend
Total Units35,31,000
Issue ManagerSunrise Capital Limited
PublicTo be AnnouncedSoon
LocalsTo be AnnouncedSoon
Molung Hydropower IPO Information

Also Read: How to Buy IPO | Meroshare

The company plans to sell 44% which is 35,31,000 shares of its total registered shares to the general public. No. of Share Registered by the company is 8,025,000 units.

MHCL plans to issue 35,31,000 units of shares at a face value of Rs 100 each, which is 35.31 crores. After this IPO Molung Hydropower‘s paid-up capital will be Rs 80.25 crores.

Company to issue IPO for both project-affected Locals and the general public. Other details such as reservations for employees and mutual funds are yet to come.

Rating of Molung Hydropower Company Limited

ICRA Nepal has assigned an issuer rating of [ICRANP-IR] BB (pronounced ICRA NP issuer rating double B) to Molung Hydropower Company Limited (MHCL/ the company).

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