IPO of Sahas Urja Limited Oversubscribed

Sep Fri 2021 03:06:57

212 views

IPO of Sahas Urja Limited Oversubscribed

Sahas Urja Limited is already oversubscribed over 2.91 times on the second day itself.

Applications can be placed for a minimum of 10 units and a maximum of 1,050,000 units.

The general public can apply for a minimum of 10 lots and a maximum of 1 million 50 thousand lots. The company is constructing the 86 MW Solu Khola 'Dudhkoshi' hydropower project in Solukhumbu district.

The total cost of the project is estimated to be Rs. 11.86 billion. The cost per megawatt is estimated to be Rs. 137.9 million. After the primary share issue, the company's paid-up capital will reach Rs 3.5 billion.

Of which, 70 percent will belong to the founding group and 30 percent to the general group. According to ICRA Nepal's rating for primary share issue, the company has received an ICRA IR Double B indicating a moderate risk.