Him Parbat Hydropower Limited Closing 4,22,500 Units IPO for Foreign Nepalese Immigrants Today
Summary
Him Parbat Hydropower Limited is closing its 4,22,500-unit IPO allotment reserved for Nepalese citizens working abroad today, after the issue was oversubscribed 2.63 times. The company operates two run-of-river projects in Dolakha with a combined capacity of 25.5 MW and has received an upgraded issuer rating from ICRA Nepal.
Key Points
- Him Parbat Hydropower Limited is closing the 4,22,500-unit IPO reserved for Nepalese citizens working abroad today.
- The issue has already been oversubscribed 2.63 times, with 62,942 applicants applying for 11,15,300 units.
- The company operates two run-of-river projects in Dolakha with a combined capacity of 25.5 MW.
- ICRA Nepal upgraded the issuer rating of Him Parbat Hydropower Limited to [ICRANP-IR] BB+ from BB.
