Today, Asar 13, is the final day to apply for Him Star Energy Company Limited’s IPO, which issued over 11 lakh shares targeting project-affected locals and Nepali foreign workers.
The last day to submit applications for the IPO of Him Star Energy Company Limited is today, Asar 13. The company had opened its IPO subscription and sale from Jestha 30, specifically for local residents affected by the project area and Nepali workers abroad. The application window will close after banking hours today.
Him Star Energy is issuing a total of 11 lakh 19 thousand shares, which is 30% of its total paid-up capital of NPR 37 crore 30 lakh. Of these shares, 1 lakh 86 thousand 500 units are reserved for affected locals of Okhaldhunga and Solukhumbu districts, while 93 thousand 250 units are set aside for Nepali foreign workers. Applicants can apply for a minimum of 10 shares and a maximum of 10,000 shares.
The company has received an ICRA Nepal NP BB- rating, indicating a moderate level of risk. Him Star Energy is currently constructing a 5 MW Buku Kapti Khola Hydropower Project with an estimated cost of NPR 1 arba 23 crore. The project’s simple payback period is 7.14 years, and the discounted payback period is 11.75 years. NIC Asia Capital Limited is managing the IPO sales.
Local applicants from designated areas of Okhaldhunga and Solukhumbu can apply through physical application forms, which incur a fee of NPR 2 per form. Meanwhile, Nepali foreign workers can apply via the C-ASBA system or the Meroshare platform.
This article was originally published on bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
