Sanjen Jalavidhyut Company Limited and Rasuwagadhi Hydropower Company Limited are issuing first stage of their IPO shares from today (Falgun 11, 2074). The issue is open for members of Employees Provident Fund, employees of promoter companies (Nepal Electricity Authority, Chilime Hydropower Company and staffs of local bodies of Rasuwa district) and employees of lending institution (Employees Provident Fund). These issues are not for the general public of local people.News Copyright By Sharesansar.com

Sanjen Jalavidhyut Company Limited is issuing a total of 87,60,000 units ordinary shares. In the first phase, the issue is open for 71,17,500 units shares from today (Falgun 11, 2074) to Falgun 30, 2074 for staffs having membership of Employees Provident Fund. They can apply anywhere from 50 units to 300 units shares. Staffs having membership of EPF till Mangsir 22, 2074 and new members that have registered in EPF till Mangsir 26, 2074 can apply under this issue.

In the second stage, Sanjen will collect applications from staffs of promoter companies (i.e. staffs of Nepal Electricity Authority, Chilime Hydropower Company, and staffs of local bodies of Rasuwa district) and staffs of lending institution i.e. Employees Provident Fund from Chaitra 5 – Chaitra 13, 2074. Employees of promoter companies can apply from 50 to 300 units of shares. 12,77,500 units shares have been allocated for employees of promoter companies. Likewise, employees of EPF can apply from 50 to 1,000 units shares of Sanjen Jalavidhyut Company. 3,65,000 units shares have been allocated for EPF employees.

Citizen Investment Trust is the issue manager for the IPO of Sanjen, along with co-issue management of Sunrise Capital, Global IME Capital, NMB Capital, Civil Capital Limited and Prabhu Capital Limited.

Likewise, Rasuwagadhi Hydropower Company Limited is issuing a total of 1,64,21,040 units ordinary shares. In the first phase, the issue is open for 1,33,42,095 units shares from today (Falgun 11, 2074) to Falgun 30, 2074 for staffs having membership of Employees Provident Fund. They can apply anywhere from 50 units to 500 units shares. Staffs having membership of EPF till Poush 20, 2074 can apply under this issue.

In the second stage, Rasuwagadhi will collect applications from staffs of promoter companies (i.e. staffs of Nepal Electricity Authority, Chilime Hydropower Company, and staffs of local bodies of Rasuwa district) and staffs of lending institution i.e. Employees Provident Fund from Chaitra 5 – Chaitra 13, 2074. Employees of promoter companies can apply from 50 to 500 units of shares. 23,94,735 units shares have been allocated for employees of promoter companies. Likewise, employees of EPF can apply from 50 to 2,500 units shares of Rasuwagadhi Hydropower Company. 6,84,210 units shares have been allocated for EPF employees.

Siddhartha Capital Limited is the issue manager for the IPO of Rasuwagadhi Hydropower. NIBL Ace Capital, Global IME Capital and Sunrise Capital are co-issue managers.

iaries of Chilime Hydropower Company

Both Sanjen Jalavidhyut Company and Rasuwagadhi Hydropower Company are subsidiaries of Chilime Hydropower Company Limited (CHCL).

After the IPO of Sanjen, contributors of EPF will have 19.50% shareholding, employees of EPF will have 1% shareholding and employees of promoter companies will have 3.50% shareholding in the hydropower company. CHCL and Nepal Electricity Authority are major promoters of the company and will have 38% and 10% shares respectively. Rasuwa DDC and 18 VDCs will have 3% of the total shares.

Likewise, after the IPO of Rasuwagadhi, employees of EPF will have 1% shareholding, contributors of EPF will have 19.50% shareholding and employees of promoter companies will have 3.50% shareholding in the company.

Both hydropower companies have set aside 10% for project-affected local people and 15% for general public.

Hydropower Plants

Sanjen Jalavidhyut Company is developing 14.80 MW Upper Sanjen and 42,50 MW Sanjen Hydropower project, both of which are expected to begin commercial operation from Magh 1, 2075.

Rasuwagadhi Hydropower is developing a 111 MW, run-of-river Rasuwagadhi Hydropower Project in Bhotekoshi river, Rasuwa. The hydropower plant is expected to generate electricity from Poush 15, 2076.

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