Analyzing Pure Energy Limited’s IPO Approval: A Deep Dive into Financial Viability and SEBON’s Decision

In a surprising move, Pure Energy Limited, a solar project with a total installed capacity of 20 MW, has recently received IPO approval from the Securities Board of Nepal (SEBON). This decision comes at a time when SEBON has been hesitant to approve IPOs for numerous hydropower projects in the pipeline. This raises an important question: On what grounds did Pure Energy Limited secure IPO approval, especially when SEBON has been cautious about protecting general investors from potential profitability risks?

 

Upper Tamakoshi – a reality check for much hyped hydropower?

After long delays due to various reasons, Upper Tamakoshi is now all set to float its local shares. According to its invitation letter, the projected cost is estimated to be Rs. 66.08 billion. This makes per MW cost of Rs. 14.49 crore. Although the per MW seems to be at the lower side compared to recent market trend (above Rs. 20 crore), the project, however, will not able to keep up its hype due to its lower PPA rate which is at Rs. 4.06 per kWh (average) for the first year.

IPO of Arun Kabeli Power Limited

Arun Kabeli Power Limited is the next hydropower company that is going to be listed in Nepal Stock Exchange. Here is my sincere opinion regarding the Company, its project and speculated share price when listed in Nepal Stock Exchange.

IPO of Dibyashwari Hydropower Limited

Dibyashwari Hydropower Limited is the next hydropower company that is going to be listed in Nepal Stock Exchange. Here is my sincere opinion regarding the Company, its project and speculated share price when listed in Nepal Stock Exchange.

IPO of Khani Khola Hydropower Company Limited

Khani Khola Hydropower Company Limited is the next hydropower company that is going to be listed in Nepal Stock Exchange. Here is my sincere opinion regarding the Company, its project and speculated share price when listed in Nepal Stock Exchange.

5 hydropower companies in pipeline to issue IPO

Initial Public Offerings of a string of public limited companies are in the pipeline.   There are five hydropower companies in pipeline to issue IPO.

IPO of Ngadi Group Power Limited

Ngadi Group Power Limited is the next hydropower company that is going to be listed in Nepal Stock Exchange. Here is my sincere opinions regarding the company, its project and speculated share price when listed in Nepal Stock Exchange.

United Modi Hydropower Limited: IPO analysis.

United Modi Hydropower Ltd. is a registered public limited company established under the companies Act 2063 of Nepal, with an objective of promoting hydropower in Nepal through private investment.

It is big and it is coming: HIDCL’s IPO

It may come as a surprise to some that HIDCL is going to do the largest IPO in the history of Nepal since many of us do not clearly know what HIDCL is all about. Here is my review of HIDCL and its upcoming IPO.

IPO Agreement between NIBL Capital Markets Ltd. and Garjang Valley Hydropower Ltd.

NIBL Capital Markets Limited, a subsidiary of Nepal Investment Bank Limited, has signed an agreement with Garjang Valley Hydropower Ltd. for its IPO. NIBL Capital Markets Ltd. will be the issue manager.

Upper Tamakoshi Hydropower Project and Its IPO; Fully Explained

Here is my speculation and the review of Upper Tamakoshi Hydro Electricity Project.

A quick guide for hydropower investors in Nepal

The next big thing in Nepali capital market and overall economy is hydropower. The new entrants in Nepal Stock Exchange (NEPSE) are mostly hydropower companies. There will be at least 16 hydropower companies within two years. Currently, there are 6 listed hydropower companies in NEPSE.

Upper Tamakoshi IPO

Below is an interesting article published by ShareSansar regarding the prior allotment of the shares. I will write the details about Upper tamkoshi project, its financials & technical part, future plans and early verdict of share price in the days to come. But for now, go through the following article.

IPO of Barun Hydropower Company Limited

Barun Hydropower Company Limited is the next hydropower company that is going to be listed in Nepal Stock Exchange. The company has already floated 10% of the issued capital to project affected area, a mandatory requirement of Nepal government. It was oversubscribed by two times. Now, 20 percent of the total issued capital will be offered to general public, i.e. IPO. Civil Capital Market Ltd. is the issue manager. Here is my sincere opinions regarding the company, project and speculated share price when listed in Nepal Stock Exchange.

The next upcoming IPO: Api Power Company Limited.

Api Power Company Limited will be the next private hydropower company to float its public share. It is constructing an 8.5 MW project in Darchula district. Here is my sincere opinion regarding the Company, its projects, its future plans and projected share price when listed in Nepal Stock Exchange.

Ridi Hydropower Development Company Limited and its share price speculation.

The newly listed hydropower company in Nepal Stock Exchange is Ridi Hydropower Development Company Limited. Ridi Hydropower Development Company Limited owns a 2.4 MW project in Palpa district. The project is generating electricity at the moment.

HIDCL to issue public shares worth Rs 2 billion

The Hydroelectricity Investment and Development Company Limited (HIDCL) is preparing to issue ordinary shares worth Rs 2 billion.

Sebon delays approval of Upper Tamakoshi IPO

The minimalistic regulations regarding the Initial Public Offering (IPO) management keep stirring up confusions in the capital market and this time lack of functional clarity might delay the approval of Upper Tamakoshi Hydropower’s issue worth two-and-a-half billion rupees.

UPCOMING HYDROPOWER IPO IN NEPAL AND LESSON LEARNED FROM THE RECENT IPOs.

After the outstanding IPO success of Ridi Hydropower Development Company Limited that is oversubscribed by 92 times (officially confirmed), other hydropower companies are also in the pipeline. Upper Tamakoshi Hydro Power (UTHP) has sought permission from the Securities Board of Nepal (Sebon) to float 25.42 million units of shares to public, while Barun Hydropower Company has applied for permission to issue 243,000 units of shares to the people in the project affected area that is managed by Civil Capital.

IPO of Ridi Hydropower Development Company Limited oversubscribed by 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.