Investors are now looking forward to the share allotment date of the Himalayan Hydropower Limited IPO result. The company is supposed to publish the IPO result by Sunday, July 10, 2022. In case you have applied for the Himalayan hydropower IPO, then here is how you can check the IPO result of Himalayan Hydropower when it gets declared.
How to Check Himalayan Hydropower Limited IPO result
- Go to the web portal of Mero share iporesult.cdsc.com.np
- You may Himalayan IPO be required to select either one of the three modes: Demat number, Boid ID
- In application type, select between Himalayan IPO
- Enter the details of the mode you selected
- Fill out the captcha correctly for security purposes
- Click On View Submit Button
Himalayan Hydropower Limited IPO Details And Review
Himalayan Hydropower Limited was registered as a private limited company in the Office of the Registrar of Companies on December 7, 2008, as per the Companies Act, 2063 BS. It has been operating as a public company since April 11, 2008.
The company has already completed the construction work of the Namarjuj Madi Hydropower Project with a capacity of 11.88 MW. The project has been generating commercial electricity since August 29, 2010. After the completion of the construction work, the total cost of the project is Rs 2.64 billion and the cost per MW is Rs 223 million, according to the company.
The company has constructed an 11.88 MW capacity hydropower project using the flow of the Madi river in Madi village municipality of Kaski. The company has been given the ‘ICRNP-IRB Plus’ grading by ICRA Nepal.
Rating agency ICRA Nepal has given ICRP IRB Plus rating to the IPO issued by the company. This indicates a high risk in the company’s ability to bear responsibility.
Himalayan Hydropower Limited IPO Result Global IME Capital Limited
You can also check your IPO result on the Global IME capital Website globalimecapital.com besides meroshare. Himalayan Hydropower Limited IPO (Initial Public Offering) opens for subscription on June 29, 2022, and will remain open for bidding until June 03, 2022. Himalayan Hydropower Limited IPO result will be published within a week.
The company has issued an IPO worth Rs 196.825 million. It has issued 1,968,250 ordinary shares at the face value of Rs 100 per share. Out of this, 5% or 98 thousand 413 shares have been allocated for collective investment funds and 2% or 39 thousand 365 shares have been allocated for employees. The general public will be able to apply for the remaining 18 lakh 30 thousand 472 lots.
In addition, applications can be submitted through the ‘My Share’ app and website. The issue and sale manager of the company is Global IME Capital Limited.