Him Parbat Hydropower Limited Issuing IPO Shares to Locals of Dolakha District And Nepalese Employed Abroad From Kartik 11
Summary
Him Parbat Hydropower Limited is opening an IPO for project-affected locals in Dolakha District and Nepalese citizens working abroad from Kartik 11. The company plans to issue 59,15,000 shares in total, with Citizens Capital Limited as the issue manager and ICRA Nepal upgrading its issuer rating to BB+.
Key Points
- Him Parbat Hydropower Limited has published an offer letter for an IPO targeted at Dolakha project-affected locals and Nepalese citizens working abroad.
- The IPO for Dolakha locals opens from Kartik 11 to 25, 2083, while the foreign-employed Nepali quota opens from Kartik 11 to 16, 2083.
- Citizens Capital Limited has been appointed issue manager, and ICRA Nepal upgraded the company’s issuer rating to [ICRANP-IR] BB+ from BB.
- The company operates two run-of-river hydropower projects in Dolakha with a combined capacity of 25.5 MW and plans an IPO worth about NPR 592 million.
