Other Ways to Check IPO Result of Nyadi Hydropower:
1. MeroShare Official Website: https://meroshare.cdsc.com.np
2. Global IME Capital Limited – Global IME Capital IPO result (Check IPO Result on Global IME Capital) Website: https://globalimecapital.com/ipo-fpo-share-allotment-check (Check Here)
(Please select company name and provide DEMAT No. to view IPO result Select Company name and Type DEMAT Number)
IPO Detail Statement:
| The IPO Issuing Company | Nyadi Hydropower Limited |
| Issue Manager | Global IME Capital Limited |
| Security Type | Common Stock -IPO |
| IPO Issued Date | 2078 Ashoj 15 to 19 |
| IPO Face Value | Rs. 100 |
| Total IPO Share | 22,50,000 units |
| The share allocated for Mutual Investment (5%) | 1,12,500 units |
| The Share allocated for employees (2%) | 45,000 units |
| Total Share for Individual Investor (General Public = 93%) | 20,92,500 units |
| Total Applicants | 2,94,77,650 |
| Total Applied Units | 2,6,503,140 units |
| Total Allotted Kitta | 2092500 Kitta |
| Total Allottee | 2,09,250 applicants |
Company Overview:
Nyadi Hydropower Limited has been registered as a public limited company in the office of the Registrar of Companies on 2073 Falgun17 as per the Companies Act 2063 and has been conducting business since 2064 Falgun 26.
The Registrar’s Office of Nyadi Hydropower is located at Ganga Devi Marg-313, Buddhanagar, Kathmandu. The office of Nyadi Hydropower Project under the company is located in Ward No. 6 of Marsyangdi Municipality.
Nyadi Hydropower is developing a 30 MW Nyadi Hydropower Project based on Run of River. The company has stated that 99 percent physical work of the project has been completed so far.
The total cost of the project is projected to be Rs 6.11 billion and Rs 20.39 million per MW.
Nyadi Hydropower had issued 4 million 50 thousand shares (including 1.5 million locals and 3,00,000 shares to the employees of the founding shareholders) equal to 27 percent of the issued capital of Rs 1.5 billion or Rs 405 million.
The capital raised by issuing IPO will be paid by the company to the contractor for the construction of civil hydro and electro-mechanical works. The company has stated that it will pay all the amount collected by issuing IPO to the contractor, i.e. Rs. 405 million.
Currently, the company’s paid-up capital is Rs 1.95 billion. The company’s paid-up capital has reached Rs 1.5 billion after selling the IPO to locals and the general public.
The authorized capital and issued capital of the company are both Rs 1.5 billion.
After the IPO issuance and allotment, the company’s share ownership has remained at 73 percent of the founders and 27 percent of the public.
Board of Directors (BOD):
The board of directors of Nyadi Hydropower has five members. There is an arrangement to have a board of directors of 3 from the founding shareholders, 1 from the general shareholders, and one independent. The tenure of the operators will be 4 years.
Om Prakash Shrestha, representing Butwal Power, is the chairman of the company’s board of directors. Similarly, Pradip Kumar Shrestha and Vijay Bahadur Shrestha are also on the board of directors from Butwal Power. Ram Bahadur Gurung is also on the board of directors on behalf of Lamjung Power Development Company.
Currently, there are only four members on the board of directors on behalf of the founding shareholders. The company has stated that it will select one operator on behalf of the general shareholders after the IPO issuance.
The chief executive officer of the company is Uttam Amatya. He has been working in various levels of Nepal Electricity Authority for 31 years.
Future plans and strategies:
The company has given high priority to the construction and operation of Nyadi Hydropower Project. As it can also invest in other hydropower projects, the company has stated that it will operate the project smoothly by completing the construction work of Nyadi Hydropower Project and repayment of the loan facilities taken during the construction of the project.
The company also plans to invest in other hydropower projects that are commercially viable to achieve its objectives, taking into account its capital and liabilities. For this purpose, the company plans to identify potential projects, study such project companies and find out if it is suitable to invest in them, and adopt a strategy to invest in the projects that are suitable for investment.
Step 1: Log on to www.iporesult.cdsc.com.np
Step 2: You will view this type of interface on your device.
Step 4: Click on View Result Tab.
Finally, you will get the result message on the interface.
(Note: The IPO result will be shown after the share allotment and upload data on the server, it will take few hours after the announcement)
