KATHMANDU, April 10: Pure Energy limited has launched an IPO for the general public from Thursday. The company has issued a total of 1.19 million shares, amounting to a value of Rs 119.52 million.
The general public can apply for shares of Pure Energy at a face value of Rs 100 per share, with a minimum of 10 shares and a maximum of 100,000 shares until April 15, 2025.
Pure Energy Limited to issue IPO for general public from April...
Prior to this, Pure Energy had allocated shares to local communities affected by the project, overseas workers, employees, and collective 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.
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.
The company's sales manager is Nabil Investment Banking Limited.
