Kalanga Hydro IPO sale open, public can apply from today

Kathmandu, 08 June. Kalanga Hydro Limited has opened its initial public offering (IPO) from today. The company has sold a total of 28 lakh 70 thousand shares at the price of Rs 100 per share. With this, the company aims to collect capital equal to 287 million rupees. Investors can apply for a minimum of 10 shares and a maximum of 20,000 shares. The IPO sale will be open till June 13th at the earliest and if necessary applications are not received, it may be extended till June 22nd.

The total cost of the 15.33 MW Kalangad hydropower project constructed and operated by the company is more than 4.33 billion 93 lakh rupees. The total cost of the project has reached about 283 million rupees. The company has mentioned that the period of the power generation permit for the said project is still 25 years and 1 month. It is estimated that the investment made in the project will be returned in 9.29 years in a simple calculation, while the investment return period on discount basis is said to be 18.01 years.

Commercial electricity production has started from this hydropower project since 27th January 2079. The company's IPO issuance and sales management has been handled by Sanima Capital Limited.