Vikas Hydropower Opens IPO for Public, Applications Open Till Asar 22

Vikas Hydropower Company has opened its IPO for the general public from today, offering 29,42,760 shares. The application is open till Asar 22, and interested investors can apply for a minimum of 10 to a maximum of 10,000 shares through Meroshare or C-ASBA member banks.

The company has a credit rating of BBB- from ICRA Nepal, indicating moderate risk. It operates the 4.55 MW Upper Machha Khola Hydropower Project in Gorkha, with a total project cost of around NPR 1.11 billion.

Financially, the company has shown stability with an EPS of NPR 5.37, net worth per share of NPR 102.76, and retained earnings of NPR 12.8 million.