IPO Alert: United Idi-Mardi to Issue 8,73,910 IPO Shares on November 12

United Idi-Mardi IPO

United Idi-Mardi & RB Hydropower Limited is going to issue a primary share IPO to the public from November 12. The company is going to issue 8,73,910 Units of ordinary shares in the second phase.

IPO Opening Date

The company had received permission from the Nepal Securities Board (SEBON) to issue an IPO of 25% of its issued capital. The public will be able to apply for the company’s IPO from November 12 to November 18. If all the shares are not sold within that period, the IPO opening date will be extended till November 26. The general public will be able to apply for a minimum of 10 lots to 10,000 lots in the IPO.

upcoming IPO of Insurance company
United Idi-Mardi
IPO Units8,73,910 Units
IPO RateRs 100
IPO Start DateNovember 12
IPO Close Date (Early)November 18
IPO Close Date (Late)November 26
IPO to Apply10 – 10000 Units
Credit Rating Care NP Double B Plus

United Idi-Mardi & RB Hydropower IPO

Earlier, the company had sold 420,000 units of IPO in the first phase for the project-affected locals of the Kaski district. The company is going to issue an IPO on November 12 to the public with an unsold IPO of 2,43,910 units. Out of the total shares to be issued, 43,696 shares have been distributed to collective investment funds and 17,478 shares have been allotted to employees. General investors will be able to apply for the remaining 812,736 shares.

Care Rating Nepal has given the company a ‘Care NP Double B Plus (IS)’ rating. The issue and sales manager of the company is Global IME Capital Limited.

Company Revenue & EPS

As per the published statement, the net worth of the company was Rs. 85.82 per share in the previous fiscal year 2076/77. The company has projected net worth of Rs 98.69 per share in the current fiscal year 2077/78. Earnings per share are projected to be positive at Rs 8.33 in the current fiscal year. It was negative at Rs. 12.97 in the previous year.

The company had started commercial production from the Upper Mardi Khola Hydropower Project and had earned Rs 105.4 million from the sale of electricity till the end of the last fiscal year.