Samling Power Company ready to Issue 12 Lakh 30 Thousand IPO Shares

Samling Power Company ready to Issue 12 Lakh 30 Thousand IPO Shares

Samling Power Company IPO

Samling Power Company is a Hydropower sector's company, a Hydropower Development Company constructing a 9.51 MW Mai-Beni Hydropower Project in the Ilam district.

Samling Power Company has received approval from SEBON on the date of Ashad 31, 2077 B.S. The company has received the permission from Securities Board of Nepal to issue 12,30,000 units of IPO shares worth NRS. 123,000,000. The company is going to issue 24.6% IPO shares of their total paid-up capital.

IPO Details:

Company Name: Samling Power Company Limited (SPCL)
Application to SEBON: 2077/10/05
Date of Approval: 2078/03/31
Size of Public Issue: 12,30,300 Shares
Date of Issue: Not Fixed (Will Be Updated if Fixed)
Issue Manager: Nepal SBI Merchant Banking Limited (NSMBL)
Percentage of Issued Capital: 24.60%
Incorporated: In 2014

Promoters/Shareholders:

15% Holdings of CE Construction PVT LTD
8% Holdings of Urja Developers PVT LTD
3% Holdings of Mohan Bikram Karki
3% Holdings of Grande Holdings PVT LTD

Samling Power Company Limited

Samling power company is currently (July 2021) on the construction project of the Mai-Beni Hydropower Project in Illam District. It is a hydropower project with a 9.51 MW capacity for producing electricity. The total estimated cost for this project is NRS.  1.865 Arba.

The company has also signed an agreement (PPA Agreement) in November 2016 with the Nepali Electricity Authority (NEA). The company will sell its electricity to NEA at the cost of  NRS. 4.8 per unit during rainy seasons and NRS. 8.4 per unit in Dry Seasons.

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