New IPO Issue of NRN Infrastructure and Development Limited (NRNIDL)

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NRN

    NRN Infrastructure and Development Limited (NRNIDL) has been issuing 33 lakh 98 thousand and 46 kitta IPO shares worth Rs 33.98 crore to the general public. Early closing date of this IPO issue is on Shrawan 21, 2077 and if the issue is not subscribed till Shrawan 21 then this issue can be extended up to Bhadra 3, 2077. 
    Out of the offered 33,98,046 units; 2% of the total offered shares i.e. 67,961 units have been set aside for the employees of the company and 5% of the total offered shares i.e. 1,69,902 units have been set aside for the mutual funds. The remaining 31,60,183 units are for the general public. Applications can be placed for a minimum of 10 units and a maximum of 31,60,183 units. Sanima Capital Limited has been appointed as the issue manager for the IPO issuance. CRNL has assigned ‘CARE-NP IPO Grade 4’ grading to the proposed Initial Public Offering (IPO) of NRN Infrastructure and Development Limited (NRNIL). ‘CARE-NP IPO Grade 4’ indicates Below Average Fundamentals. The approved units is 30% of the total paid-up capital of the company. Please read carefully before invest. Click Here for offer

Short description of NRNIDL

    “NRN Infrastructure and Development Limited (NRNIDL) was registered in Kathmandu under the Company Act 2063,” in Nepal (September 2012) with the main motive of collective investment in hydropower sector in initial phase meanwhile exploring other investment avenues of national priorities too. Initially the company was registered in the name NRN Investment Limited which was changed to NRN Infrastructure & Development Limited in February 2, 2017.
    With liberalization in the state policies that allows private investors to build and operate hydropower projects and in the context of high demand for power in the country, significant development as expected of the energy sector is yet to happen. Investment in this sector washighly awaited. At the very outset, with major objective to mobilize the knowledge, skills, capital and other resources for the socio-economic development of Nepal in co-operation with the government, “NRN Infrastructure and Development Limited was registered in Kathmandu under the Company Act 2063,” in Nepal (September 2012) with the main motive of collective investment for a swift and smooth inflow of capital investment in prioritized sectors in Nepal.
    The registered office of the company is located in Kathmandu, Nepal. The objective of the company is to make investment in the development sectors such as hydropower sector thereby contributing to the overall development of Nepal.

NRNIDL Projects List:

As the part of investment with full support and trustworthy participation from shareholders around the globe, we have invested until date in the following projects:

1,  27 MW Dordi Khola Hydropower Project in Lamjung being developed by Himalayan Power Partner Limited (HPPL)
2,  73 MW Middle Tamor Hydropower Project in Taplejung being developed by Sanima Middle Tamor Hydropower Limited (SMTHL).
3,  28.1 MW Lower Likhu Hydropower Project in Ramechap being developed by Swet Ganga Hydropower Limited.
4,  14.3 MW Mathillo Mailung Khola Hydropower Project in Rasuwa being developed by Mathillo Mailun Khola Jalvidhyut Limited.

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