Kathmandu. Himalayan Power Partners Limited is issuing right shares from April 30. The company is issuing 50% of its current paid-up capital i.e. 0.5 units of right shares.
Accordingly, the company will issue 53,27,085 units of right shares at a face value of Rs 100 per share.
The company had closed the book on March 26 for the purpose of issuing right shares. Accordingly, the shareholders who have been traded in NEPSE till March 9 can apply for the right shares. The application for the right shares of the company can be submitted till May 6.
Care Ratings Nepal has assigned CareNP Double B Minus Issue Rating to the company. This indicates a moderate risk to our ability to bear financial obligations in a timely manner.
Global IME Capital Limited has been appointed as the issue manager for the IPO issuance. The interested bidders can bid for the shares from Global IME Bank’s branch office at Beshishahar, Dordi, Bhoteodar and Udipur.
Moreover, the interested bidders can apply for the shares online from the banks and financial institutions licensed by the Securities Board of Nepal (SEBON) through the board of directors (SEBON) and online from CDS & Clearing Limited (CDS & Clearing).
Presently, the company has a paid-up capital of Rs 1.06 billion. After the right issuance, the paid-up capital of the company will reach Rs 1,59,81,25,500.
