KATHMANDU, March 31: Pure Energy Limited is set to issue an initial public offering (IPO) for the general public starting from April 10.
The company will be issuing a total of 1.195 million shares, amounting to a value of Rs 119.52 million.
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The general public can apply for shares at a face value of Rs 100, with a minimum of 10 shares and a maximum of 100,000 shares, until April 15, 2025.
Previously, Pure Energy issued shares to local communities affected by its projects, foreign workers, employees, and mutual investment funds.
In the rating conducted for the IPO issuance, CARE Ratings Nepal Limited (CRNL) has given the company a Care NP Double B plus Issuer. The company's sales manager is Nabil Investment Banking Limited.
As of the mid-January of the fiscal year 2024/25, the company has accumulated a loss of Rs 23 million. However, the company has projected a profit of Rs 11.4 million for the upcoming year. In the first six months of the current year, the company has earned Rs 0.38 per share in income, with a net worth of Rs 96.62 per share.