Good news for investors, Taksar Pikhuwa Khola Hydropower Limited has officially announced its Initial Public Offering (IPO) starting Falgun 27, 2082.

This initial phase specifically targets two key groups: local residents of the project-affected areas and Nepalis employed abroad. Here is everything you need to know before you apply.

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Taksar Pikhuwa Khola Hydropower IPO Key details

The company has received approval to issue a total of 4,230,668 shares (representing 35.26% of its issued capital). The current distribution is as follows:

Category	Total Shares	Value (NPR)
Local Residents (Bhojpur)	1,200,000	120 Million
Nepalis Abroad (Labor Permit Holders)	303,067	30.3 Million
Collective Investment Funds	151,533	15.1 Million
Company Employees	60,613	6 Million

Application Details

Price per Share: Rs 100
Minimum Application: 10 Units

Important Dates

Mark your calendars to ensure you don’t miss the deadline:

For Nepalis Abroad:
- Opens: Falgun 27
- Closes (Earliest): Chaitra 1
- Closes (Latest): Chaitra 11
For Local Residents (Bhojpur):
- Opens: Falgun 27
- Closes (Earliest): Chaitra 11
- Closes (Latest): Chaitra 26

Project Fundamentals & Risk Rating

Understanding the project’s health is vital for any investor. Taksar Pikhuwa Khola is operating an 8 MW project.

Financial Health: Care Rating Nepal has assigned a CareNP Double B Plus (BB+) rating. This suggests the company carries an average risk regarding its ability to meet financial obligations.
Project Cost: The total cost stands at Rs 1.882 billion, averaging Rs 235.3 million per MW.
Payback Period:
- Normal Payback: 9.17 years
- Discounted Payback: 18.37 years
License Term: The electricity license is valid for 25 years and 4 months.

How to Apply

Prabhu Capital Limited is the designated issue and sale manager.

1. For Local Residents (Bhojpur District)

Residents can collect and submit forms (a fee of Rs 2) at:

Project Office, Bhojpur
Prabhu Bank: Bhojpur, Pyauli, and Hatuwagadhi branches
Citizens Bank International: Bhojpur branch

2. For Nepalis Employed Abroad

Eligible applicants must have a valid labor permit from the Government of Nepal. Applications can be submitted seamlessly through the C-ASBA system via any SEBON-authorized bank or financial institution.

Note: Investing in IPOs carries market risks. Ensure you review the company’s prospectus and financial projections before committing your capital.