Sanima Mai Hydropower posted a net profit of Rs 3.96 crore on FY 2071/72

Sanima Mai Hydropower Limited (SHPC) has posted a net profit of Rs 3.96 crore during the end of the FY 2071/72 whereas it had posted a loss of Rs 1.86 crore in the corresponding quarter of the current fiscal year.

It has earned Rs 8.13 crore as an income from the sale of electricity and Rs 12.93 lakh as an income from interest. Sanima Mai Hydro has paid up capital of Rs 1.05 arba and has reserve of Rs 1.95 crore. The company has debt of Rs 2.57 arba.

Its EPS stands at Rs 7.90, net worth per share at Rs 103.76 and cost income ratio at 0.02.

Mai Khola Hydropower Project 22 MW is evacuating its power through 33 KVA transmission line as temporary arrangement for power evacuation. The alternative temporary arrangement was done on 2071 Falgun 14. Till the end of Ashad 2072, the company has generated the invoice of NPR 8.13 crore. Mai Cascade Hydropower project 7 MW is in its final construction phase.- SSN

Sanima Mai IPO gets listed today, Kalika and Naya Nepal to be listed in first week of Magh

The Initial Public Offering (IPO) shares of Sanima Mai Hydropower Limited (SHPC) has finally been listed, according to highly placed sources at Nepal Stock Exchange Limited.

“We have signed the listing agreement with Sanima Mai executives today. Since the company’s chairperson is out of the country and the CEO is out of station, other officials came up with the mandate to ink the listing agreement,” the source told today.

Sanima Mai IPO to be listed on January 14 for trading

The Initial Public Offering (IPO) shares of Sanima Mai Hydropower Limited (SMHL) will be listed on January 14 for trading, according to Nepal Stock Exchange Limited.

“We will publish the notice regarding the listing of Sanima Mai Hydropower Limited IPO shares,” NEPSE General Manager Sitaram Thapaliya told today. “The equity shares will be listed for trading within a week thereafter.”

Sanima Mai hydropower distributing IPO share certificates from JAN 1

Sanima Mai Hydropower Limited is distributing IPO share certificates from today, two months after the allotment of the primary shares.

The allotment of IPO equity shares of Sanima Mai Hydropower Limited had taken place on November 1.

The 21.1 lakh unit of the IPO issue by the hydropower company was oversubscribed by 31 times, according to the issue manager, NIDC.

Sanima Mai Hydropower & Kalika Micro credit IPO allotment slips and cash refund from Nov 10.

Sanima Mai Hydropower Company Limited  and Kalika Micro Credit Development Bank Limited are distributing the allotment slip of their IPOs to the allottees and cash refund to those do did not get the scrip from Nov 10.

Sanima Mai hydropower IPO allotment results - View Online

The allotment of IPO equity shares of Sanima Mai Hydropower Limited has taken place today.

As less than 40 percent of the applicants were from the small group, the allotment was made at 3.65 percent for small investors, and 2.97 percent for the big investors.

IPO public shares result of Sanima Mai Hydropower Ltd & Kalika Micro Credit Dev. Bank Ltd on Friday

The allotment of IPO equity shares of Kalika Micro Credit Development Bank Limited and Sanima Mai Hydropower Limited will take place this week.

Kalika & Sanima Mai Hydro IPO public share allotment result before Tihar

The allotment of IPO equity shares of Kalika Micro Credit Development Bank Limited and Sanima Mai Hydropower Limited will take place before Tihar.

Issue manager of Kalika Micro Credit, NMB Capital Limited and the issue manager of Samina Mai Hydropower told today.

IPO worth 16 arba & Right shares worth 7 arba in the pipeline

Sixteen companies, including Century Commercial Bank and Upper Tama Koshi Hydropower Company, have filed application at the Securities Board of Nepal (SEBON) seeking permission to issue their Initial Public Offer, which collectively stands at around Rs 16 arba.

Sanima Mai Hydropower IPO shares oversubscribed by nearly 30 times.

The Initial Public Offering of Sanima Mai Hydropower Limited (SMHL), which closed earlier this week, was oversubscribed by nearly 30 times.

“The IPO has drawn around 6.15 billion rupees, though we are still get the final figure, which could be slightly above or below this number ,” Bijendra Nuchchhe Pradhan, an officer with the issue manager NIDC Capital Markets.

Sanima Mai Hydropower IPO issue closes today, expected to oversubscribed by 20 times

Sanima Mai Hydropower Limited (SMHL) closed its Initial Public Offering (IPO) today.

The IPO has been well received in the market, according to NIDC Capital Markets Limited, the issue manager.

NEPSE one months low at 538.31

Extending further its loss, Nepal Stock Market plunged by an additional 3.2 points today. With today’s drop, the market index has come to settle at one month lowest level of 538.31.

Citing yesterday’s tumble of more than seven points, the investors’ sentiment got further dampened today attributing to more liquidation of position in the market.

Result of Sanima Mai IPO investment on Loan - A Forecast

It is not a good idea to invest in Sanima Mai Hydropower Company Limited's IPO by taking loan at such a high rate (24% annually) as the size of the IPO is not that big and it is expected to be over-subscribed by many folds and consequently that allotment is going to be very low both for the big and small investors.

For example you have loaned Rs.1,000,000

IPO share Overview of Sanima Mai Hydropower Company Limited

Sanima Mai Hydropower Company Limited's IPO is issuing 21,100,000 units of shares to the general public which will open from 4th Ashwin 2070 and will be closed on 8th Ashwin 2070. The total capacity of the hydropower project is 22 MW and is situated at Chisapani, Danabari of Illam in Eastern Nepal.

IPO share issue of Sanima Mai Hydropower Limited from 4th to 8th Ashwin, 2070

Sanima Mai Hydropower Limited has published an offer letter to issue 21,10,000 units IPO share to the general public from (4th to 8th Ashwin, 2070).

OFFICIAL ANNOUNCEMENT

IPO shares issue of five hydropower companies soon

Five hydropower companies, including two registered with the Securities Board of Nepal (SEBON), are going to public shares shortly.
These companies are Sanima Hydropower, Ridi Hydropower Development Company, Barun Hydropower Company, Upper Tamakoshi Hydropower and Arun Valley Hydropower Company.

Sanima Mai Hydropower Limited’s IPO coming within two months time

Security Exchange Board of Nepal (SEBON) has given approval to Sanima Mai Hydropower Limited (SMHL) for the issuance of Initial Public Offer  (IPO) worth Rs 21crore 10 lakh to the general public. With this IPO, the company paid up capital will come to stand at Rs 1 arba 5 crore and 80 lakh.

IPO Grade 3 for Sanima Mai Hydro IPO , Likely to issue within the First Week of Bhadra

The upcoming IPO of Sanima Mai Hydropower Limited has received Grade 3 rating from ICRA Nepal, indicating the company’s average fundamentals. ICRA Nepal assigns IPO grading on a scale of 1 (strong) to 5 (poor).
SMHL has proposed to float an Initial Public Offer of 2,110,000 equity shares of face value Rs 100 each.

Sanima Mai Hydropower Ltd likely to announce public IPO shares within Shrawan.

Sanima Mai Hydropower Limited is likely to announce the second phase of its IPO within Shrawan, an official with the company said. The company has appointed NCM Merchant Banking Limited as the issue manager. Similarly, NCM along with Laxmi capital will be the underwriter for the upcoming IPO.

Earlier, the hydropower company had issued its IPO for the project affected people of Illam district. As per the SEBON rule, hydropower companies must first issue shares to the people in the project affected areas, with 100 percent allotment.

Sanima Mai Hydropower Ltd. (SMHL) distributing share allotment slip & returning money.

Sanima Mai Hydropower Ltd. is distributing share allotment slip and returning money to non-allotted share from 7 July, 2013 (23 Ashar, 2070).
src : nepalsharemarket