IPO for General Public: Yambaling Hydropower Limited Issue 17,43,000 Units IPO Shares from Today
Summary
Yambaling Hydropower Limited has launched its IPO issuing 17,43,000 shares to the general public at Rs. 100 each, with allocations for locals, employees, and Nepalese abroad. The 7.27 MW project in Sindhupalchok began commercial operations in February 2024.
Key Points
- Yambaling Hydropower Limited opened its IPO on 16th Baishakh, 2083, issuing 17,43,000 shares to the general public.
- The company operates a 7.27 MW run-of-river hydropower project in Sindhupalchok that started commercial operations in February 2024.
- Allocation includes 10% shares for locals affected by the project in Sindhupalchok and 10% for Nepalese citizens working abroad.
- CARE Ratings Nepal Limited reaffirmed a CARE-NP BB- (Is) issuer rating indicating moderate financial risk.
