KhaniKhola Hydropower Company Limited has been issuing 9, 31,429 unit shares worth Rs 9.31 crore as part of its initial public offering (IPO) from Jestha 16, 2073 at face value of Rs 100. The IPO closed on Jestha 19, Wednesday. The IPO is oversubscribed by more than 73 times altogether.
Kamal Khatri, Head of Merchant Banking of Civil Capital Markets limited said, “The total collection of the IPO is approximately Rs 6 arba 82 crore till the early closing date as announced by the issuing company. Around 1,35,000 application forms were received.” It might take around 60 days for the company to publish the allotment result for the general investors.
Below given the table of overall fourth day collection of the company;
| KhaniKhola Hydropower IPO collection |
| Days |
Total Collection |
Oversubscribed |
Number of Application Forms |
| First day |
61 crore 74 lakh |
7.12 times |
8,600 |
| Second day |
1 arba 57 crore |
18.12 times |
29,089 |
| Third day |
3 arba 2 crore 21 lakh |
37.06 times |
49770 |
| Fourth day |
6 arba 82 crore |
73 times |
1,35,000 |
Interested people were required to apply for a minimum of 10 units of share and they can apply for up to 1,000 units of share.
The hydropower company had set aside 18,629 unit shares for its employees and 46,571 unit shares for the 8 mutual fund companies. The company had set aside 8, 66,229 unit share to the general public.
Civil Capital Market Limited is the issue manager for the IPO issue.
The authorized and issued capital of company is Rs 50 crore and Rs 46.57 crore respectively. The paid up capital of the company remains at Rs 19.80 crore.
After the IPO issuance, the promoter-people of affected area (Bhattedanda, Ikudole, Sankhu) – general public ratio of the company will be 70% to 10% to 20%.
ICRA Nepal has assigned an “[ICRANP] IPO Grade 4+”, indicating below average fundamentals to the proposed initial public offering (IPO) of KhaniKhola Hydropower.
