Sahas Urja Company Limited
Company Profile:
Fused in February 2014 as a private restricted company, Sahas Urja Limited (Sahas) was changed over to a public restricted company in September 2014 to work with public support. The settled up capital of the company as of mid-July 2020 was NPR 2,450 million. The significant advertisers incorporate Mr. Mahendra Kumar Giri (2.29% stake), Mr. Sushil Thapa (2.11%), Ms. Anupama Thapa (2.04%), and Mr. Him Prasad Pathak (1.94%), among others. The company intends to raise NPR 1,050 million, i.e., 30% of the absolute value from general investors, through the proposed IPO issue. It is fostering a 86-MW Solu Khola (Dudh Koshi) HEP in Solukhumbu District, Province 1 of Nepal. The task is a run-of-the-stream (R-o-R) type and is being created at a 40.70% likelihood of exceedance (Q40.70).
Concerning the Issue:
Sahas Urja Limited is giving 7,000,000 units of customary offers worth Rs. 70 crores to the overall population from Ashwin-06. The early shutting date of this IPO issue is on Ashwin-10, 2078. In the event that this issue isn't bought in till Ashwin-10, 2078 the issue will be reached out up to Ashwin-20, 2078.
The company is set to give a sum of 7,000,000 units of offers i.e., 20% of the all out gave capital from Ashwin-06, 2078. From the complete of 7,000,000 units, 350,000 units i.e., 5% are for the Mutual Fund. 3% of the complete units i.e., 210,000 units are for the worker of the company, and the excess 6,440,000 units are for the overall population.
Applications can be put for at least 10 units and a limit of 1,050,000 units.
NIBL Ace Capital Limited has been designated as the issue chief for the IPO issuance.
Sahas Urja Company Limited:
|
Particulars |
Percentage |
Units |
Amount |
|---|---|---|---|
|
Total Capital |
100% |
35,000,000 |
3,500,000,000 |
|
Total Issue |
20% |
7,000,000 |
700,000,000 |
|
Employees |
3% of IPO Units |
210,000 |
21,000,000 |
|
Mutual Fund |
5% of IPO Units |
350,000 |
35,000,000 |
|
General Public |
92% of IPO Units |
6,440,000 |
644,000,000 |
|
Issue Manager |
NIBL Ace Capital Limited |
||
|
Issue Open Date |
Ashwin 06, 2078 |
||
|
Issue Closing Date (earliest) |
Ashwin 10, 2078 |
||
|
Issue Closing Date (Late) |
Ashwin 20, 2078 |
||
|
Minimum Application |
10 |
||
|
Maximum Application |
1,050,000 |
|
Capital Structure |
|
|---|---|
|
Authorized Capital |
3,500,000,000.00 |
|
Issued Capital |
3,500,000,000.00 |
|
Current Paid-Up Capital |
2,450,000,000.00 |
|
Capital after IPO Issuance |
3,500,000,000.00 |
Shareholding Structure:
|
|
Number of Shares |
Amount |
Percentage |
Remarks |
|---|---|---|---|---|
|
Promoters Shareholders |
24,500,000.00 |
2,450,000,000.00 |
70% |
Already Issued |
|
Project affected locals |
3,500,000.00 |
350,000,000.00 |
10% |
Already Issued |
|
General Public |
7,000,000.00 |
700,000,000.00 |
20% |
To be Issued |
|
Total |
35,000,000 |
3,500,000,000 |
100% |
- |
Board of Directors:
|
Board of Directors |
|
|---|---|
|
Name |
Position |
|
Mr. Him Prasad Pathak |
Chairman |
|
Mr. Sushil Thapa |
Managing Director |
|
Mr. Mukti Ram Pandey |
Director |
|
Mr. Bhoj Bahadur Shah |
Director |
|
Mr. Min Raj Kadel |
Director |
|
Mr. Mahendra Kumar Giri |
Director |
|
Mr. Paritosh Paudyal |
Director |
Projects:
|
Name of Project |
Solu Khola Jalavidhyut Aayojana |
|
Type of Project |
Run-of-River |
|
Installed Capacity |
86 MW |
|
Total Cost |
11.86 Arba |
|
Cost per Megawatt |
13.79 Crores |
|
Commercial Operation Date (COD) |
Jestha-20, 2079 |
|
Project handover to NEA Date |
Ashwin 01, 2106 |
Use of funds from IPO:
|
Usage Area |
Amount |
|
Bridge Gap Loan |
60 Crores |
|
Payment to Civil Contractors |
22 Crores |
|
Payment to Hydromechanical Contractors |
13 Crores |
|
Payment to Transmission Line Contractors |
10 Crores |
|
Total |
1.5 Arba |
Financial Highlights:
|
Particulars |
Actual |
Estimated* |
|||||
|---|---|---|---|---|---|---|---|
|
2074/2075 |
2075/2076 |
2076/2077 |
Ashad 2078 |
2078/2079 |
2079/2080 |
2080/2081 |
|
|
Total Paid-Up Capital ('000) |
1,230,494.00 |
2,450,000.00 |
2,450,000.00 |
2,450,000.00 |
3,500,000.00 |
3,500,000.00 |
3,500,000.00 |
|
Reserve & Surplus ('000) |
843,967.00 |
-10,616.00 |
854,453.00 |
1,401,631.00 |
2,254,323.00 |
2,436,453.00 |
2,634,406.00 |
|
Debt ('000) |
500,000.00 |
1,006,181.00 |
2,919,855.00 |
5,372,894.00 |
8,360,113.00 |
8,192,190.00 |
7,774,905.00 |
|
Revenue ('000) |
394,184.00 |
618,360.00 |
3,437,116.00 |
3,472,810.00 |
4,887,710.00 |
2,578,224.00 |
2,655,571.00 |
|
Net Profit ('0000 |
-2,246.00 |
-1,351.00 |
-865,069.00 |
-549,278.00 |
770,276.00 |
1,011,830.00 |
1,099,738.00 |
|
Earnings per share (Rs.) |
-0.18 |
-0.06 |
-35.31 |
-22.42 |
22.01 |
28.91 |
31.42 |
|
Net worth per share (Rs.) |
168.59 |
99.57 |
134.88 |
157.21 |
164.41 |
169.61 |
175.27 |
|
Debt-Equity (times) |
0.24 |
0.41 |
0.88 |
1.39 |
1.45 |
1.38 |
1.27 |
|
Return on Equity (%) |
-0.11% |
-0.06% |
-26.18% |
-14.26% |
13.39% |
17.04% |
17.93% |
