Daramkhola Hydro Energy Limited has started offering its Initial Public Offering (IPO) shares to people living in Gulmi and Baglung districts and to Nepali citizens working in foreign countries from today, Ashadh 9 (June 23, 2025).
The company is issuing 10,30,500 shares for locals affected by the hydropower project in Gulmi and Baglung, and 2,91,950 shares for Nepalese working abroad. The IPO will remain open until Ashadh 23. If the shares for locals are not fully subscribed by then, the application period may be extended until Shrawan 6. However, the deadline for Nepali workers abroad will not be extended.
Daramkhola Hydro Energy has a total capital of Rs. 1.03 Arba (1.03 billion rupees). Of this, the company plans to sell 38.33% shares (39,50,000 units) to the public. Out of this, 10% is reserved for locals in the project area, and the remaining 28.33% will be offered to the general public in a future phase.
Locals can apply for a minimum of 10 shares and a maximum of 50,000 shares. Similarly, Nepalese workers abroad can apply for at least 10 shares and up to 10,000 shares.
LS Capital Limited is managing the IPO process.
Infomerics Credit Rating Nepal has rated the company’s financial health as IRN BB- for long-term loans and IRN A4 for short-term loans, indicating moderate risk.
Daramkhola Hydro was founded in December 2015 and is working on building a 9.6 MW hydropower project in Baglung district. The project is led by local promoters and chaired by Mr. Nar Bahadur Pun (Niraj). The hydro project is designed with a catchment area of 247 km² and a design discharge of 10.30 cubic meters per second.
