Yambaling Hydropower had opened its IPO on Chaitra 8 B.S., initially allowing applications until Baisakh 7 B.S. However, due to oversubscription, the company has decided to close the issue early from today. The company issued 700,000 ordinary shares worth NPR 7 crore at a face value of NPR 100, allocated for project-affected locals. Eligible applicants include residents of Wards 1 to 7 of Jugal Rural Municipality in Sindhupalchok. Investors could apply for a minimum of 10 shares and a maximum of 7,000 shares. CARE Ratings Nepal has assigned the company a ‘CARE-NP BB-’ issuer rating, indicating moderate risk. The issue manager is Muktinath Capital Limited, and applications could be submitted through Sindhu Development Bank, Kumari Bank branches, and the ASBA system.
Similarly, Snow Rivers Limited’s IPO, opened on Chaitra 9 B.S., also closes today. The company has approval to issue 1,875,000 shares worth NPR 18 crore 75 lakh, of which 937,500 shares (NPR 9 crore 37 lakh 50 thousand) are allocated to project-affected locals. These shares will be distributed among residents of affected areas in Taplejung and Panchthar districts. Specifically, 468,750 shares are allocated to Ward No. 8 of Sirijanga Rural Municipality, with the remaining shares distributed among other affected wards. Applicants can apply for a minimum of 10 shares and a maximum of 10,000 shares. ICRA Nepal has assigned the company an ‘ICRA-NP BB+’ issuer rating, also indicating moderate risk. Sanima Capital Limited is the issue and sales manager, and applications can be submitted through designated bank branches, the issue manager, and the ASBA system.
Applicants from project-affected areas are required to pay a NPR 2 fee to obtain the application form for both IPOs.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
