Kathmandu: Yambaling Hydro Power Limited is set to issue an Initial Public Offering (IPO) for residents of the project-affected area and for Nepalis working abroad. The company has announced that the IPO will be issued starting from 22 March.
The company has received approval to issue 2.8 million ordinary shares worth Rs 280 million. In the first phase, it will issue 700,000 ordinary shares at a face value of Rs 100 per share for residents of the project-affected area. Residents of wards no. 1, 2, 3, 4, 5, 6 and 7 of Jugal Rural Municipality in Sindhupalchok district will be eligible to apply for these shares.
Similarly, 210,000 shares — equivalent to 10 percent of the shares allocated for the general public — will be issued for Nepalis working abroad.
Applicants must apply for a minimum of 10 shares. Residents of the project-affected area can apply for a maximum of 7,000 shares, while Nepalis working abroad can apply for up to 21,000 shares.
The application period for residents of the project-affected area will close as early as 5, April and at the latest, remain open until 20, April 2026. For Nepalis working abroad, the application period will close as early as 25, March and at the latest by 5 April. Muktinath Capital Limited has been appointed as the issue and sales manager for the company’s IPO.
The company is currently operating the 7.27 MW Yambaling Khola Hydropower Project in Sindhupalchok district.
Urjasanchar
