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 Name | Molung Hydropower Company Limited |
|---|---|
| IPO Status | Approved |
| Registered Shares | 8,025,000 |
| Formed | 31st Baishakh 2067 (14 May 2010) |
| Zone & District | Sagarmatha, Okaldhunga |
| Capacity | 7000 kW |
| Average Annual Energy | 35.729 GW |
Molung Hydropower IPO Opening Information
| Issue Type | Units | Opening | Closing | Extend |
|---|---|---|---|---|
| Total Units | 35,31,000 | – | – | – |
| Issue Manager | Sunrise Capital Limited | – | – | – |
| Public | To be Announced | Soon | – | – |
| Locals | To be Announced | Soon | – | – |
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).
