Liberty Energy Company's IPO closes with 1,85,975 applications

Liberty Energy Company Limited has closed the issue of 35,64,930 units (including 13,14,930 units unsubscribed by locals) worth Rs 35.64 crore as Initial Public Offering to the general public today.

The issue was open for application from Bhadra 3, 2077.

As per the issue manager NIBL Ace Capital Limited, the issue has received approx 1,85,975 applications applying for a total of 71,68,110 units of shares worth Rs 71.68 crores.

After the issuance of 37.50 lakhs units IPO shares to locals and general public i.e 25% of total capital which will together raise its paid-up capital to Rs 1.50 Arba.

ICRA Nepal Limited had assigned an [ICRANP] IPO Grade 4 to the Rs.37.50 Initial Public Offer of Liberty Energy Company Limited. Instruments with this grading are considered to have below-average fundamentals.

The company is developing the 25 MW Upper Dordi ‘A’ HEP in Faleni and Dhodeni VDC, Lamjung district of western Nepal. The per megawatt cost of the project (including IDC) is Rs 18.54 crore and its payback period is 9.20 years.

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