Him Star Urja Company Limited has opened its Initial Public Offering (IPO) to the general public starting today, Asar 24. A total of 7,73,975 shares are available for general investors.
Him Star Urja Company Limited has officially opened its Initial Public Offering (IPO) for the general public from today, Asar 24. The company is offering 7,73,975 shares to general investors after completing the issuance to residents of project-affected areas and Nepalis working abroad.
Out of the total 11,19,000 shares issued, 18,650 shares have been reserved for employees and 46,625 shares for mutual funds. Interested investors can apply for a minimum of 10 shares and a maximum of 10,000 shares.
The IPO issuance will remain open until the earliest Asar 27 and may extend up to Shrawan 6 if it is not fully subscribed earlier. The company is currently operating the Buku Kapati Khola Hydropower Project with a capacity of 5 megawatts. The total cost of the project is approximately 1 arba 24 crore rupees
ICRA Nepal has assigned a “Double B Minus” credit rating to the company, indicating a moderate level of risk. NIC Asia Capital Limited is the issue manager for this IPO. Applications can be submitted through the C-ASBA system.
This article was originally published on https://bajarkochirfar.com Translated with the help of AI and reviewed by our editorial team.
