Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: Him Star Urja Company is set to open its Initial Public Offering (IPO) for sale to the general public starting July 8, 2025. Following the initial issuance of shares to residents of project-affected areas and Nepalis employed abroad, the company is now offering shares to the broader investor community.
The company will issue 30% of its total paid-up capital of NPR 373 million, amounting to NPR 111.9 million, equivalent to 1,119,000 shares. Of these, 186,500 shares have already been allocated to residents of project-affected areas, and 93,250 shares to Nepalis working overseas. In the second phase, 18,650 shares are reserved for employees, 46,625 shares for collective investment funds, and the remaining 773,975 shares will be available for the general public.
Investors can apply for a minimum of 10 shares and a maximum of 10,000 shares. Applications must be submitted by July 11, 2025, with the possibility of an extension to July 21 if the shares remain undersubscribed.
NIC Asia Capital has been appointed as the issue and sales manager. Investors can apply through all banks and financial institutions approved by the Nepal Securities Board under the C-ASBA system.
ICRA Nepal has assigned the company an ICRA NP Issuer Rating of Double B Minus, indicating a moderate level of risk in the company’s ability to meet its financial obligations.
This IPO presents an opportunity for investors to participate in Him Star Urja’s growth, though the rating suggests a cautious approach due to the associated risks.
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