Him Star Energy Limited is set to open its IPO for the general public from Asar 24. The company is offering over 7.73 lakh shares after allotting shares to project-affected locals and Nepalis working abroad.
Him Star Energy Limited is opening its Initial Public Offering (IPO) for the general public from Asar 24. Out of a total of 11,19,000 shares, the company has already distributed the portion reserved for project-affected locals and Nepalis working abroad.
Now, the remaining 7,73,975 shares will be made available to the general public. Interested investors can apply for a minimum of 10 shares and a maximum of up to 10,000 shares. The IPO issue will remain open until Asar 27 at the earliest and may be extended up to Shrawan 6 if necessary.
The company operates the Buku Kapti Khola Hydropower Project with a capacity of 5 megawatts. The project’s total cost is estimated at 1 arba 23 crore rupees. ICRA Nepal has given the company a “Double B Minus” rating, indicating a moderate credit risk.
NIC Asia Capital is managing the IPO issuance, and applications can be submitted through C-ASBA member banks and financial institutions.
This article was originally published on bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
