Kathmandu. The lock-in period of promoter shares of Upper Solu Hydro Electric Company Limited (USHEC) ends on July 1, 2019. Nepal Stock Exchange Limited (NEPSE) has already provided information to the general investors.
The lock-in of 11,581,650 units of shares is being opened at one go. In this way, opening a large number of share lockins at the same time is also seen as the risk of reducing the share price due to excessive supply.
According to the details provided by NEPSE, the founder shareholders have 10 million 192 thousand 500 units of shares. A total of 39,150 units of shares of employees and 1.35 million units of shares of local residents of the project-affected areas are being opened.
All these shares can be traded at par with the value obtained by The Nepse Limited. For example, on Monday, the price of this company has been fixed at Rs 448. If the price of the share is Rs 448 on July 15, then the shares opened in the lock-in will start trading at Rs 448 from July 1.
If any of the founding investors is on the board, then that person will not be able to sell shares for one more year. If the board members are to sell the shares on July 1, 2019, then they will have to resign from the board one year in advance or the term of office has expired.
In the last one year, the company’s share price has reached the highest price of Rs 752 per share and the lowest has reached Rs 420 per share.
The company has earned a net profit of Rs 212.8million in the fiscal year 2080/81 BS and a paid-up capital of Rs 1.35 billion. The company has a PE ratio of Rs 61.84 and earnings per share (EPS) of Rs 12.13. The company has a network of Rs 103.54. There is no data that the company has distributed any dividend to shareholders for 12 years.
Yagyarth Pokharel is the chief executive officer (CEO) of the company. Suresh Lal Shrestha is the chairman and Dinesh Lal Shrestha is the managing director of the company.
There are four directors in the company. They are Shekhar Kumar Rana, Kusum Gorkhali, Ajay Kumar Dahal and Mahendra Bahadur Shrestha. Investors of the company have not been able to get investment returns. It is clear that the secondary market is the main income of investors’ investment. Based on the price of Monday (June 15), then you can get profit by selling rs 348 per share in the secondary market. Since the company will not be able to give huge profits even in the near future, it can be clearly assumed that investors will make the second market a source of income.
These are big investors
The highest investment is from BES Pvt. Ltd. The company has an investment of 19.32 percent i.e. Rs 260 million 7 thousand 68 thousand. Suresh Lal Shrestha, the founder investor, has an investment of 6.85 per cent i.e. Rs 92.5million. Similarly, Dinesh Lal Shrestha has an investment of 6.85 percent i.e. Rs 92,526,700. Similarly, Prabin Shrestha has 8.15 per cent i.e. Rs 1191,200 while Rukmani Devi Shrestha has 1.12 per cent i.e. Rs 15.146 million.
DJ Shrestha has invested 2.44 percent i.e. Rs 32,922,200 while Rajesh Lal Shrestha has invested 6.31 percent i.e. Rs 85.15 million. Other founder investors accounted for 19.62 per cent i.e. Rs 264.825 million, while local general public held 10 per cent i.e. Rs 135 million during the lock-in period.
Similarly, Padam Lal Shrestha has invested 1.61 percent i.e. Rs 21.76 million, while Prajol Lal Shrestha has 3.22 percent i.e. Rs 43.525 million. Upper Solu Hydro Electric Company Limited was established in 2009.
The company started construction of the project in February 2015 and completed it in December 2019. The project started generating electricity and started selling from March 2020.
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