NEPSE STOCK

Upper Solu Hydro Electric Company IPO Updates [ Issue And Result Date]

• nepsestock
• June 27, 2022
• 0

Upper Solu Hydro Electric Company Limited is going to issue 19,57,500 units as Initial Public Offering to the general public.  Upper Solu Hydro Electric Company Limited (USHEC) IPO will be open from Ashad 20, 2079. The early closing date of Upper Solu Hydro Electric Company Limited’s (USHEC) IPO is on Ashad 23. Applications can apply for a minimum of 10 units and a maximum of 1000 units. If the Upper Solu Hydro Electric Company Limited IPO is not fully subscribed then it can be extended up to Shrawan 2, 2079. Earlier the company had issued 13,50,000 units to the project-affected locals of Solukhumbu districts from 22nd Baisakh to Jestha 20, 2079.

Upper Solu Hydro Electric Company Limited (USHEC) was founded on May 28, 2010, as a private limited corporation. Upper Solu Hydro Electric Company Limited is operating a 23.5MW Solu HEP in Solukhumbu district, Province 1 of Nepal. 23.5MW Solu HEP is a run-of-the-river (R-o-R) design. The project began operations on March 23, 2020.

Upper Solu Hydro Electric Company Limited was converted into a public company on April 14, 2016.

NMB Capital Limited is the issue manager for the IPO of Upper Solu Hydro Electric Company.

Upper Solu Hydro Electric Company IPO Updates [ Issue And Result Date]

Total offered units: 19,57,500 units.

Units for the employees of the company: 39,150 units

Units for the funds: 97,875 units.

Units for the general public: 18,20,475 units are for the general public.

ICRA Nepal has provided the rating of [ICRANP-IR] BB+ (pronounced ICRA NP issuer rating double B plus) to Upper Solu Hydro Electric Company Limited (USHEC or the company).

How to apply for the Upper Solu Hydro Electric Company IPO?

1. Type URL https://meroshare.cdsc.com.np/  in your browser and wait for a while. You will see a login page where you need to log in with your Depository Participants, User name, and Password.
2. After login,  Go to the tab My ASBA.
3. Under Apply for Issue, you will see the Upper Solu Hydro Electric Company Limited  IPO. Click Apply on upper Solu Hydro Electric Company Limited
4. Fill out the form with proper details like Bank, Branch, Account Number, Applied Kitta, Amount, CRN and submit it.

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