All valid applicants fully allotted shares of Himal Dolakha Hydropower IPO; unsubscribed units to be allotted to underwriters

Himal Dolakha Hydropower Company Limited has allotted its IPO shares to the general public. The issue was open from Asadh 25, 2076 to Shrawan 28, 2076. The company was offering 7,672,210 units of ordinary shares.

Out of the offered 7,672,210 units; 25,000 units have been allotted to the mutual funds while the remaining 7,647,210 units were for the general public.  

The issue received 72,255 valid applicants till the closing, applying for a total of 30,93,250 units of shares. In total there were 90 applicants applying from 7,310 units which got invalid due to various reasons. As per the allotment module, all valid applicants were fully allotted shares. The shares that remained unsubscribed will be allotted the underwriters in the predetermined ratio. The underwriters of the issue are BOK Capital Limited (32.86%) allotted with 25,12,873 units, Nabil Investment (33.71%) with 25,77,874 units, Laxmi Capital (25%) with 19,11,802 units and Nepal Bangladesh Capital Limited (8.43%) with 6,44,660 units. 

HDHCL has two run of the river hydropower project under operation, which are 4.55 MW Mai Khola Small Hydropower Project (Project I) and 8MW Mai Small Cascade Hydropower Project (Project II), both are located at Ilam district of Nepal. The projects are constructed under BOOT (Build, Own, Operate and Transfer) mechanism.

Project-I was completed with total cost of Rs 72.50 Crore (Rs.16.10 Crore per MW) which was funded through Debt: Equity of 75.13: 24.87. Project-II was completed with total cost of Rs 1.42 Arba (Rs 17.80 Crore per MW) which was funded through Debt: Equity of 62.82: 37.18.