We will know the Opening Range of Molung Hydropower. Here is the detail information of the IPO.
About Company
Molung Hydropower Company Ltd is a public limited company which was established in 31st Baisakhi, 2067. It got electricity generation from Government of Nepal on 2nd Ashoj 2071 and is valid till 1st ashoj 2106. Molung hydropower project is located at Okhaldhunga, Nepal.
Information about Project:
| Particulars | Info |
|---|---|
| Project Located | Okhaldhunga, Nepal |
| PPA conclusion | 21st Falgun, 2069 |
| Generation license | 2nd Ashoj, 2071 |
| Commercial Prodution date | 12 Chaitra, 2074 |
| Name of River | Molung Khola |
| Installed Capacity | 7,000 kW |
| Total Cost | 1.45 arba |
| Cost Per Megawatt | 20.8 crore |
Opening Range of Molung Hydropower
The opening range of the company depends upon the book value of the last audited financial statement. So, the book value of the FY 2078/79 is Rs. 60.62. Hence, the Opening range of the company is Rs. 60.62 to Rs. 181.86.
The Issue manager for the IPO is Sunrise Capital Limited. Similarly, the company has got BB rating from ICRA Nepal.
Financial Statement Before IPO
Following is the detail information of the company before IPO.
| Particulars “000” | Amount |
|---|---|
| Paid Up capital | 449,400 |
| Reserve | (176,984) |
| Revenue from sale of Electricity | 156,095 |
| Loan | 926,809 |
| Net Profit | 48,457 |
| Book Value | 60.62 |
| EPS | 10.78 |