Connect with us

Blogs

Pure Energy IPO For General Public

Published

on

Pure Energy IPO

Pure Energy Limited (PEL), a renewable energy company developing Nepal’s solar infrastructure, will open its IPO on 28th Chaitra 2081, offering 11,95,200 equity shares at a par value of Rs. 100 per share. The issue will close on 2nd Baishakh 2082, with a possible extension to 11th Baishakh 2082 if undersubscribed.

Pure Energy IPO Key Details

Particulars Details
Issue Manager Nabil Investment Banking Ltd
Price per Share Rs. 100
IPO For General Public
Total Shares Issued 11,95,200 units
Application Range Minimum 10 units, Maximum 1,00,000 units
Credit Rating ‘CARE-NP BB+ (Is)’ (Moderate default risk)
IPO Date 28th Chaitra 2081 – 2nd Baishakh 2082
Project Focus 20 MW solar PV plant in Banke (Operational)

Pure Energy IPO Detailed Breakdown

The total issued capital of the company stands at Rs. 80 Crore, distributed among various stakeholders in the following manner:

  • Project-Affected Locals (Banke District): 2% (1,60,000 shares) worth Rs. 1.60 Crore – Reserved for people affected by the project.
  • General Public Offering: 18% (14,40,000 shares) worth Rs. 14.40 Crore has been reserved for the general public.
  • Nepalese Working Abroad: 10% (1,44,000 shares) has been allocated for Nepalese citizens working abroad.
  • Mutual Funds: 5% (72,000 shares) are reserved for investment funds.
  • Company Employees: 2% (28,800 shares) are reserved for the company’s staff.
  • General Public: The remaining 11,95,200 shares are allocated for the general public.

This structured distribution ensures inclusive participation from project-affected communities, the general public, overseas workers, institutional investors, and employees, reflecting a balanced and equitable approach to capital issuance.

About Company

Pure Energy Ltd. runs a 20 MW solar power plant in Raniyapur, Khajura Rural Municipality, Banke. The plant has two projects:

  • Pure Energy I (10 MW) – Started operating in December 2023.
  • Pure Energy II (10 MW) – Began operations in May 2023.

Together, these projects make Pure Energy Ltd. the largest private solar power producer in Nepal. This achievement shows our dedication to clean energy and brings us closer to a greener future.

Continue Reading

Blogs

Chhyangdi Hydropower Extends Deadline for Rights Share Application | Until 27th Ashad

Published

on

By

Chhyangdi Hydropower

The deadline for the ongoing rights share issue of Chhyangdi Hydropower Limited (CHL) has been officially extended until 27th Ashad, 2082. The issue had originally opened on 23rd Jestha, 2082, with an earlier closing date set for 12th Ashad, 2082.

Key Details of the Rights Share Issue

Details Information
Total Right Shares Issued 3,869,775 units (1:1 ratio)
Face Value per Share Rs. 100
Total Issue Amount Rs. 38.69 Crore
Current Paid-up Capital Rs. 38.69 Crore
Post-Issue Paid-up Capital Rs. 77.39 Crore

As per the Central Depository System and Clearing Limited (CDSC), 23,503 applicants have applied for 2,317,902 units (worth Rs. 23.17 Crore) as of yesterday.

Eligibility and Application Process

Only those shareholders who held shares before the book closure date of 2nd Jestha, 2082, are eligible for this right share offering.

Interested shareholders can apply through:

  • Global IME Capital Limited, Naxal, Kathmandu (Issue Manager)
  • Designated branches of Global IME Bank Limited across Lamjung, including Besisahar, Sundarbazar, Bhulbhule, Siundibar, Udipur, and Dordhi
  • Any C-ASBA-approved banks and financial institutions
  • Online via “MeroShare”.

Applicants are advised to complete the process before banking hours on 27th Ashad, 2082 (Friday).

Important Note:

Payments must be made through an account payee cheque drawn in the name “GICL-BOK-CHHYANGDI RIGHT SHARE”, as per the instructions from Global IME Capital Ltd.

Contact Information

Notice: Chhyangdi Hydropower Extends Deadline for Rights Share Application 

Notice of Chhyangdi Hydropower Extends Deadline for Rights Share Application

Continue Reading

Blogs

Election Commission Preparing to Announce By-Election Date | Voter Registration Now Open

Published

on

By

The Election Commission of Nepal has begun preparations for by-elections to fill vacant positions at various levels of government. As part of this process, the Commission is urging all eligible Nepali citizens who have not yet registered their names in the voter list to do so immediately.

According to the Assistant Spokesperson of the Election Commission, Mr. Durga Prasad Chalise, individuals will not be allowed to register in the voter list once the election date is officially announced. Therefore, he emphasized the importance of early registration to avoid being left out.

The Election Commission recently held discussions with the Prime Minister, Mr. KP Sharma Oli, and the Acting Chief Election Commissioner, Mr. Ram Prasad Bhandari. They talked about setting a date for the by-elections. The main focus was on two key areas: Rupandehi Constituency No. 3 for the House of Representatives and Manang Province Assembly Constituency No. 1 (B). Elections in these regions are likely to be held in the second week of Kartik.

The position in Rupandehi became vacant after the passing of Rastriya Prajatantra Party MP Deepak Bohora. In Manang, the seat became empty after provincial assembly member Deepak Manange was sent to jail. In addition to these, more than a dozen ward chairman positions are also currently unoccupied in various local governments.

The Election Commission has issued a public notice dated 2082/03/11 (Nepali calendar) urging all citizens to register in the voter list immediately. The notice mentions that, according to Clause 4(2)(2) of the Voter List Act, 2073, voter registration will be stopped as soon as the election date is declared.

Hence, this is a final chance for anyone who missed earlier opportunities to register. The Commission has made a heartfelt appeal to all brothers and sisters across the country to take this opportunity seriously and get their names included in the voter list.

The Election Commission assures that the upcoming elections will be conducted fairly and freely, in line with its guiding principle:
“Free and Fair Election: Pride of the Nation.”

For more information or assistance, people can visit the official website of the Election Commission at www.election.gov.np or contact their office at Kantipath, Kathmandu.

Notice: Election Commission Preparing to Announce By-Election Date

Notice of Election Commission Preparing to Announce By-Election Date

Continue Reading

Blogs

Birgunj Customs Office Collects Highest Revenue from Petroleum Imports

Published

on

By

Birgunj Customs Office Collects Highest Revenue from Petroleum Imports

The Birgunj Customs Office has collected the highest revenue from the import of petroleum products in the first 11 months of the current fiscal year 2081/82. According to the office, a total of NPR 73.18 billion was collected in revenue from petroleum imports alone.

During this period, Nepal spent about NPR 174.09 billion to import five different types of petroleum products. These petroleum imports contributed 46.43% of the total revenue collected from the top 20 imported items, making it the most important source of income for the customs office.

Major Revenue Contributors from Imports

Major Revenue Contributors from Imports

What Officials Say

Customs Chief Administrator Deepak Lamichhane stated that petroleum products and vehicle imports are the main sources of customs revenue at Birgunj. He highlighted that these two sectors consistently contribute the highest share of government income collected through imports.

Conclusion

The data from the Birgunj Customs Office shows that fuel and vehicles remain Nepal’s most heavily imported and taxed items. With more than 46% of the revenue coming from petroleum alone, any changes in fuel prices or import volumes can significantly affect national customs revenue.

Continue Reading

Trending