Which Hydro power will issue IPO in current fiscal year?

Upper Tamakoshi Hydro Power Limited

Last year Upper TamaKoshi Hydro power was approved share issuance of Rs. 5 billion 180 million the highest till date in the Nepalese capital market. With the paid up capital of Rs. 10 billion 590 million, Upper tamakoshi has capacity of 456 MW. Among 49% of general shares, company has reserved 15% to general public and remaining 34% shares to employees, provident fund depositors, local public of Dolakha, employees of electricity authority, Tamakoshi project, Nepal Telecom and Insurance Corporation.  

The project had issued 24% of total 49% shares to loan investor of the project, Nepal electricity authority, depositors of Employee provident fund, employees of Upper Tamakoshi Hydro Power on Last February. Project has issued 18 million 299 thousands 520 units of shares to depositors of Employment provident fund, 1 million 524 thousands 960 units of shares to employees of EPF, 304 thousand 992 units of shares to employees of Citizen Investment Fund, 914 thousands 976 units of shares to Nepal Telecom company Ltd, 304 thousands 992 units of shares to Rastriya Beema Sansthan and 4 million 66 thousands 560 units of shares to employees of Upper Tamakoshi Hydropower and Nepal Electricity Authority.

Due to the devastating earthquake of last year, allocation of 10% shares i.e. 15.9 million units of shares for resident of Dolakha has been cancelled. As most of the dolakha residents are under extreme conditions caused by earthquake, issuances of shares to the locals are not possible. If company desire, possibility of issuance of 15% shares reserved for general public are high during current FY. Company has appointed Citizen Investment Fund and NCM Merchant Banking as issue manager for the share issuance.

Khankhola Hydropower company Ltd

Khanikhola Hydropower Company ltd issued 465 thousands 714 units of shares as agreed to local public of Bhattedanda, Ikodole, Sankhu VDC of Lalitpur district. The project has been preparing to issue shares for general public within this current FY. Khanikhola is producing 2MW electricity from Lalitpur's Bhattedanda under cascade project of Hydropower Company Ltd. Both of these projects are owned by Pashupati Energy Develoment Company. Civil Capital Market Ltd has been appointed as issue manager. IPO of the Company is ranked 4+ by ICRA Nepal.

BhairavKund Hydro Power Pvt. Ltd.

BhairavKund Hydro Power Pvt. Ltd. is also issuing IPO of Rs. 319 million. Recently held AGM of the company endorsed issuance of 3 million 180 thousands units of shares worth of Rs. 318 million. Existing paid up capital of Rs. 280 million will increase up to Rs. 650 million after the IPO. Operating in Sindhupalchowk district, the project is producing 3MW of electricity.

Aankhukhola Hydropower

Amkhukhola hydro power is issuing 200 thousands unit of shares for general public within next three months. Existing paid up capital of Rs. 600 million will reach up to Rs. 800 million after the IPO.  Operating in Dhading district, the project has been producing electricity since last two years. The project is producing 8.4MW electricity right now. The project has loan investment of Machhapuchre bank, Prime Commercial bank, Rastriya Banijya Bank, Prabhu Bank, Sunrise Bank and Kashthamandap Development Bank.  

Nyadi Power Company

Nyadi power company is issuing 1 million 460 thousands 605 units of equity shares to general public.  Butwal Power Company Limited and Lamjung Electicity Development Company has large portion of shares of the project. Having total of 30 MW capacities, it has already been producing g5 MW electicity. NIBL Capital Market is the issue manager for the company. The project is operating in Lamjung district.  The project is also preparing to issue right share within the end of current FY.

Kabeli Power Ltd.

Kaveli Power Ltd is issuing equity shares worth of Rs. 1 billion 110 million within this FY. In order to finance the project Kaveli-B-1 with 25 MW capacity, company is issuing equity shares. Local resident of the area will get 10% i.e. Rs. 111 million worth of shares. It is estimated to cost Rs. 3 billion 500 million for the construction of the project. Banks and financial institutions will loan invest 70% of total cost. Remaining cost will be derived from founder promoter and general public.

Gajryanga Hydro Power

Under the Gajryanga Hydro power company Ltd, the project 'Chakekhola Hydropower project' having capacity of 2.83 MW is issuing 522 thousands equity shares within current FY. The total cost of the project operating in Chuchure VDC Ramechhap is 479.2 million. Company is issuing 174 thousands 200 unit of shares to local resident and remaining 348 thousands 400 units of shares to general public. Company is generating finance from general public worth of Rs. 52.2 million, from promoters Rs. 121 million 940 thousands, and remaining 305 million from loan investment of Nepal Bank and Prabhu Bank to cover its total cost of Rs. 470 million. NIBL capital is appointed as issue manager for the company.

Other Hydropower Companies with possibility of IPO issuance