Him Star Urja Company Limited is issuing an IPO of 773,975 shares to the general public starting from Ashad 24. The company has already allocated shares to local residents affected by the project and Nepali workers abroad.
Him Star Urja Company Limited will begin issuing its Initial Public Offering (IPO) to the general public from Ashad 24 (tomorrow). Out of the total approved 1,119,000 shares, the company has already distributed a portion to local residents affected by the project and Nepali workers abroad through the IPO.
Now, the remaining 773,975 shares will be issued to the general public. Investors can apply for a minimum of 10 shares and a maximum of 10,000 shares. The subscription period will be open from as early as Ashad 27 and will close by Saun 6 at the latest
The company operates a 5 MW Buku Kapati River Hydroelectric Project, which has a total cost of NPR 123 crore. ICRA Nepal has assigned the company a ‘Double B Minus’ rating, indicating moderate risk. NIC Asia Capital is the sales manager for the IPO. Investors can apply for shares through C-ASBA member banks and financial institutions or via the Meroshare platform.
This article was originally published on https://bajarkochirfar.com Translated with the help of AI and reviewed by our editorial team.
