Ridi Hydropower Development Co. Ltd 35 % Right Shares & 10.526% cash dividend

Ridi  Hydropower Development Co. Ltd’s (RHPC) BOD meeting  held on Bhadra 27,2072 has decided to distribute 10.526% cash dividend to its shareholders. The same meeting has also decided to issue rights share after the dividend in the ratio of 10:3.5 which subject to the approval of its upcoming AGM going to be held on Kartik 13,2072.

RHPC has posted a net profit of Rs 1.95 crore in the fourth quarter of the last fiscal year.

It last trading price stand at Rs 438 as on September 13, 2015.-SSN

Ridi Hydropower Dev. Company announced 10% bonus shares & 0.53% cash for Fy 070/71

Ridi Hydropower Development Company Ltd has announced 10 percent bonus shares to its shareholders on the first year of going to the public.

Ridi Hydropower - Fundamental Analysis of FY 2070/71

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Ridi Hydropower reports 66.6% net profit rise by Q4 of 2070/71

Ridi Hydropower Development Company Limited has posted a net profit rise of 66.6 percent by the fourth quarter of the last fiscal year 2070/71.

Publishing the unaudited financial report for the fourth quarter today, the subsidiary of Arun Valley Hydropower Development Committee (AHPC) has stated that its net profit has risen to Rs 1.90 crore by the quarter end, up from Rs 1.14 crore in the corresponding quarter of the previous fiscal year.

Ridi hydropower’s IPO to debut on July 4 at Rs 338

Ridi Hydropower Development Company Limited has signed the listing agreement with Nepal Stock Exchange Limited today. It means that it will debut at the trading floor on July 4.
 
Ridi’s company secretary Alok KC said that though the company planned to finished distributing most of the certificates within by June 6, the certificate distribution took longer than they expected. The Ridi’s primary scrip is expected to debut at Rs 338 per share though the opening price brand is Rs 101.87 to Rs 305.10.

Executive Director of the company Guru Prasad Neupane claimed that there is high demand for Ridi’s share in that the company is expected to make a net profit of Rs 6.5 crore in the current fiscal year itself, which can entail a bonus share of 10 percent.

Ridi hydropower IPO oversubscribed by 91.5 times, draws Rs 9.96 arba

Ridi Hydropower Development Company Limited’s Initial Public Offering (IPO) of 11.70 lakh units, is oversubscribed by more than 93 times, according to the preliminary estimate.

“We have reported to the SEBON that we collected Rs 9.96 arba for the IPO. And this means that the IPO has been oversubscribed by around 91.50 percent,” a highly placed official with Civil Capital Limited told.  "Though some cheques could bounce, and a few data are yet to be tallied, the final figure will still come to this tune."

Ridi hydropower IPO expected to be oversubscribed by over 70 times

Ridi Hydropower Development Company Limited’s Initial Public Offering (IPO) of 11.70 lakh units, is oversubscribed by more than 70 times, according to the preliminary estimate.

“We collected 2.7 arba by Wednesday, which means it was oversubscribed by some 25 percent in the first three days,” a highly placed official with Civil Capital Limited told.  “Going by the data pouring in from the collection centers, we are expecting the IPO to be oversubscribed by more than 70 times, may be up to 75 times.”

Ridi hydropower IPO closing today; draws around 2 arba in 3 days

Ridi Hydropower Development Company Limited’s Initial Public Offering (IPO) of 11.70 lakh units has drawn Rs 2 arba in the first three days of its opening.

The IPO is closing day, and long queues of applicants could be seen in all the eight collection centers since the morning.

“The IPO has drawn around Rs 2 arba in three days, though we have not been able to compile all the applications due to the public holiday yesterday.  It suggests that the IPO has been oversubscribed by more than 18 times in the first three days,” said Bhisma Raj Chalise, CEO of Civil Capital, the issue manager.

Ridi Hydropower all set to issue IPO of 11.7 lakh units within Magh

Ridi Hydropower Development Company Limited is all set to float its Initial Public Offering (IPO) of 11.7 lakh units within a month.

“We are targeting to issue the IPO within the month of Magh,” Ridi Hydropower’s company secretary Alok KC told .  “We are, however, waiting for the final approval from SEBON (Securities Board of Nepal) at the moment.”

More hydro power companies to enter capital market

With the number of financial institutions going public waning, primary investors will see more hydropower companies entering stock market.

More hydropower firms are seeking to issue shares to public to raise capital, while the public is also taking into these shares for its lucrative returns and handsome dividends.

Ridi Hydropower prepares to issue IPO shares

The Nepali share market will soon see the entry of another hydropower company as Ridi Hydropower is offering shares to the locals in the run up to the Initial Public Offering (IPO) next week.

Ridi hydropower to issue IPO shares to locals on Oct 4

Ridi Hydropower Development Company Limited is issuing the Initial Public Offer of 3 lakh unit equity shares to the local residents affected by or in the vicinity of the 2.4 MW Ridi Khola Small Hydropower Project from October 4.