Yambaling Hydropower Limited Closing 2,10,000 Units IPO Shares to Foreign Nepalese Immigrants From Today; Oversubscribed By 5.35 Times
Summary
Yambaling Hydropower Limited closes its IPO issue for 2,10,000 shares allocated to foreign Nepalese immigrants, oversubscribed by 5.35 times. The company operates a 7.27 MW hydropower project in Sindhupalchowk, Nepal.
Key Points
- Yambaling Hydropower Limited is closing its IPO issue for 2,10,000 shares reserved for Nepalese citizens working abroad starting today.
- The IPO has been oversubscribed 5.35 times with 82,110 applicants requesting a total of 11,24,940 units.
- The company operates the 7.27 MW Yambaling Khola Hydropower Project in Sindhupalchowk, which began commercial operations in February 2024.
- Muktinath Capital Limited is the issue manager, and CARE Ratings Nepal Limited reaffirmed the issuer rating as CARE-NP BB- (Is).
