Kutheli Bukhari Small Hydropower Allotted IPO Shares To Locals and Nepalese Employed Abroad on Ashad 11

Kutheli Bukhari Small Hydropower Limited has allotted IPO shares to the project-affected locals of the Dolakha District and Nepalese citizens working abroad on 11th Ashad, 2080.

The issued capital of the company is Rs. 12.18 Crores of which 10% i.e. 121,868 unit shares worth Rs. 1.21 crores were allocated to project-affected locals of Dolakha District. Meanwhile, 10% of the company's issued capital i.e. 121,867 unit shares will be issued later for the general public. Of this public issue, 10% of the shares totaling 12,186 units shares were allocated for Nepalese citizens working abroad. The issue opened on 19th Jestha, 2080.

As per the notice published today, the company hereby informs that the issued units have been allotted to the valid applicants on 11th Ashad, 2080.

NMB Capital Limited was appointed as the issue manager.

The IPO result can be viewed on the official site of NMB Capital Limited or CDSC.

ICRA Nepal has reaffirmed the issuer rating of Kutheli Bukhari Small Hydropower Limited at [ICRANPIR] BBB- (pronounced ICRA NP Issuer Rating Triple B minus), indicating a moderate degree of safety regarding the timely servicing of financial obligations.

Kutheli Bukhari Small Hydropower Ltd. was incorporated on August 11, 2011, as a private limited company and was converted to a public limited company on January 28, 2015, to facilitate public participation. The company is operating a 0.998-MW Suspa Bukhari Khola Small HPP in the Dolakha district, Madhesh Province of Nepal. It is a run-of-the-river (R-o-R) type project with a 40% probability of exceedance (Q40). The project started commercial operation on September 20, 2015, and was developed at a total cost of ~NPR 248 million.

Allotment Notice