Upcoming IPO: Nyadi Hydropower Limited

Upcoming IPO: Nyadi Hydropower Limited

Nyadi Hydropower Limited is issuing an IPO. The IPO will be open for the public from 1^st October to 5^th October 2021. The company is going to issue 22 Lakhs 50 Thousands units of primary shares worth rupees 22.5 Crores. The issue will be managed by Global IME Capital Limited.

Here are the Upcoming IPO details of Nyadi Hydropower Limited

Company Name	Nyadi Hydropower LImited
Sector	Hydropower
Total Units	22,50,000
Total Issue Amount	NRs. 22,50,00,000 (22.5 Crore)
Start Date	Asoj 15  /  October 1
End Date	Asoj 19  /  October 5
Care Rating	[CRANP-IR]BB(Ls)
Issue Manager	Global IME Capital Limited

The company had previously issued 18 Lakhs units of primaryshares to the locals affected by the project in Lamjung district and theemployees.

With more than 30 Lakhs Demat account holders in Nepal, even if half of them applied for 10 units each, the rough estimation leaves the allotment probability of Nyadi Hydropower Limited IPO to about 15 percent.

Company Profile of Nyadi Hydropower Limited

In October 2006, Butwal Power Company Limited (BPC) and Lamjung Electricity Development Company (LEDCO) had an understanding to develop Nyadi Hydropower Project (NHP)together. According to this understanding, a new company named as “Nyadi Hydropower Limited” (NHL) was established to develop Nyadi Hydropower Project in the consortium of the Butwal Power Company (98.19%) and the Lamjung Electricity Development Company Limited (1.81%). The project is being developed by Nyadi Hydropower Limited with BPC as the major stakeholder.