People’s Power Limited Opens 50% Right Share Issue | 6 - 27 July, 2025

People’s Power Limited (PPL) has opened the issuance of its 50% right shares to existing shareholders. The subscription will remain open until Shrawan 11, 2082.

The company is offering 3,163,000 units of right shares at a face value of Rs. 100 per unit, totaling Rs. 31.63 crores. This issuance is in the ratio of 1:0.50, meaning shareholders are entitled to apply for 5 new shares for every 10 shares they currently hold.

Following the allotment, PPL’s paid-up capital is expected to increase from Rs. 63.26 crores to Rs. 94.89 crores.

Book Closure and Eligibility for People's Power Right Shares

The book closure date for the right issue was set on Ashad 2, 2082. Shareholders who held shares before this date are eligible to apply. The application can be submitted through the Meroshare platform or ASBA member banks.

Prabhu Capital Limited is the issue manager for this offering.

About the Company

PPL is the developer of the Upper Piluwakhola–3 Hydropower Project, with an installed capacity of 4.95 MW. The project has a total estimated cost of Rs. 1.13 billion, with a per-MW cost of Rs. 229.5 million. The remaining validity of the electricity generation license is 31 years.

According to the company, the simple payback period for the project is 9.43 years, while the discounted payback period stands at 17.09 years. ICRA Nepal has assigned the issue a rating of [ICRANP-IR] B+, indicating a moderate level of risk regarding the company’s ability to meet its financial obligations on time.