IPO shares of Himal Dolkha Hydropower Limited listed on NEPSE after 6 months; open range set between Rs.65.33 to Rs.195.99

Nepal Stock Exchange Limited (NEPSE) has published a notice regarding listing of IPO shares of Himal Dolkha Hydropower Limited.

As per the notice, 16,000,000 Units IPO Shares of Himal Dolakha Hydropower Company Limited (HDHPC) has been listed on the stock exchange. The Open Price Range is set as Rs.65.33 to Rs.195.99 for the First Transaction.

The shares will be tradeable after price for the first transaction is determined through open market operations.

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.

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