United Modi Hydropower Limited is coming with its ipo of Rs 28 lakh 75 thousand. 100 per share will be floated in the market. NIBL Capital Markets Limited is the issue manager.
The
company has already completed Lower Modi-1 and it was connected to
National Grid in the year 2069. 10 MW Lower Modi-1 is situated at parbat
District.
The company has plans to move forward with Lower
Modi-2 Hydroelectricity project with the help of the district people of
the project area and the general public. Lower Modi is 10.5 MW project.e
project is run of the river project at Modi Khola of Parbat district.
The construction of the project started in early 2010 and was completed
in August 2012. The commercial
operation of the project began in November 2012, since then the project
is adding 61.01 GWh of energy annually to the national grid.
ICRA
Nepal assigned IP grading on a scale of IPO Grade 1 through IPO Grade
5, with Grade 1 indicating strong fundamentals and Grade 5 indicating
poor fundamentals.
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