Kalinchowk Hydropower Limited’s IPO allotment was concluded today at the premises of the issue manager, RBB Merchant Banking Limited, Teku, Kathmandu.
The company had issued 6,84,750 units as an Initial Public Offering (IPO) to the general public from 5th April, to 8th April, 2026.
The company’s issued capital is Rs. 55 crores. Of this, 25%, i.e., 13,75,000 unit shares, were issued to the public. Out of the total issue capital, 10%, which amounts to 5,50,000 unit shares worth Rs. 5.50 Crores, will be allotted to project-affected locals of the Dolakha district. The remaining 15% of the issued capital, i.e., 8,25,000 unit shares, are for the general public. Of this general public issue, 10% of 8,25,000 units, a total of 82,500 units, were allotted to Nepalese citizens working abroad. Of the general public issue, 2%, i.e., 16,500 units, have been set aside for the company’s employees, and 5% of the total offered shares, i.e., 41,250 units, have been reserved for mutual funds. The remaining 6,84,750 units were issued for the general public.
The issue received a total of 26,35,634 valid applications for 2,91,82,820 units. Meanwhile, 42,436 applications for 4,91,550 units were disqualified.
The IPO result can be accessed by CDSC IPO Result, MeroShare, and RBB Merchant Banking Limited.
CARE Ratings Nepal Limited (CRNL) has reaffirmed the issuer rating of ‘CARE-NP BB (Is)’ for Kalinchock Hydropower Limited (KHL). This rating indicates that the issuer carries a moderate level of default risk in meeting its financial obligations on time within Nepal.
Kalinchock Hydropower Limited (KHL), incorporated on May 19, 2016, and later converted into a public limited company on June 15, 2022, is developing a 5 MW run-of-river Sangu (Sorun) Khola Hydroelectric Project (SKHP) in Dolakha District, Nepal. The project is being executed under the BOOT (Build, Own, Operate, and Transfer) model.
Sharesansar
