Him Parbet Hydropower to Open IPO for Locals and Nepalis Working Abroad

Him Parbet Hydropower Limited is set to issue its initial public offering (IPO) from Kartik 11, targeting residents of project-affected areas in Dolakha district and Nepali citizens employed overseas with valid labor approval. The company has received approval to issue 5.915 million shares worth Rs. 591.5 million, equivalent to 35 percent of its issued capital of Rs. 1.69 billion. Of these, 1.69 million shares are allocated to project-affected locals, while 422,500 shares are reserved for Nepalis working abroad. Applications must be submitted for a minimum of 10 shares and a maximum of 10,000 shares. The IPO has been assigned an ICRANP Issuer Rating of BB+ by ICRA Nepal. Citizens Capital Limited is the issue manager. Eligible applicants can apply through designated banks, ASBA-approved financial institutions, and the Mero Share online platform, as applicable to their category.