Madhya Bhotekoshi Jalavidhyut IPO Details

Madhya Bhotekoshi IPO details

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Madhya Bhotekoshi Jalavidyut Company Limited is issuing 90,00,000 units of IPO to the general public. The issue will be open from 2078, 20th Asoj – 25th Asoj. The early closing date of this IPO is  25th Asoj,  and if the issue is not fully subscribed then it can be extended up to 3rd Kartik, 2078. 10% of the company’s issued capital is already issued to the locals and 15% to the general public.

Madhya Bhotekoshi IPO Brief

Total Issue – 90,00,000 Units
For employes (4%) – 3,60,000 Units
For Mutual Funds (5%) – 4,50,000 Units
For General Public – 81,90,000 Units
Rate – Rs. 100/Share
Rating – CARE-NP BB (Is)
Opening Date – Asoj 20, 2078 10 AM
Closing Date – Asoj 25, 2078 5 PM
Issue Manager – Global IME Capital Limited
Min/Max Applicable Units – 10 – 10,000 Units

About Madhya Bhotekoshi Jalavdhyut Company

Madhya Bhotekoshi Jalavidyut Company Limited (MBJCL) is a subsidiary company of Chilime Hydropower Company Limited, registered as a public company in July 2010. MBJCL has planned to develop the Middle Bhotekoshi Hydroelectric Project (MBKHEP) with an installed capacity of 102 MW in the Sindhupalchowk district of the Central Development Region.
A tri-partite loan agreement has been signed between EPF, Chilime, and MBJCL for the debt portion. The equity investment will be made through 51% promoter share and 49% public share. Chilime is a leading company with a 37% share.

Payback Period – 7.70 Years
Discounted Payback Period – 15.48 Years

Capital Structure of MBJCL

Project: Brief Introduction

Type of Project: Run-of-River (ROR)
Design flow: 50.8 m3/sec
Gross Head: 235 m
Headworks: Gated Weir Type with Undersluice and Side Intake
Desanding Basin Type & Size: Surface, 100 m(l) x 13 m(w) x 8.5 m(h)
Tunnel Length & Size: 7124 m x 5.7 m(w) x 5.7 m(h)
Powerhouse Type & Size: Surface Powerhouse 52 m(l) x 15 m(b) x 25.5 m(h)
Unit Capacity:
Type, Orientation & Number
Francis, Vertical Axis & 3 Nos. 34 MW
Generator Unit Capacity & Nos.: 40 MVA & 3 Nos.
Installed Capacity: 102 MW (3 x 34 MW)
Annual Salable Energy: 542.2 GWh
Dry Energy: 83.7 GWh
Wet Energy: 458.5GWh
Transmission Line Length/ Voltage: 4 km/Single Circuit 220 kV

Financial Ratios

Audited Projected
Year FY 2076/77 FY 2077/78 FY 2078/79 FY 2079/80
Networth/Share 94.39 100.79 115.86 137.22
EPS -1.22 5 15.07 21.36

How much should you apply for?

Madhya Bhotekoshi Jalavidhyut Company is issuing 90,00,000 units of IPO. Out of which general public can only apply for 81,90,000 Units. There are more than 24 lakhs applicants in the primary market as of now. So, considering the fact that there is less risk in IPO and also less chance of getting shares, you can apply for 10 Units as there is only 30% of getting the IPO.

While applying for the IPO, do not make these mistakes to void IPO rejection !!!



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