Yambaling Hydropower Limited is set to open its Initial Public Offering (IPO) for the general public from Baishakh 16, 2083. The company will issue 17,43,000 unit shares at a par value of Rs. 100 per share.
The early closing date for the IPO is Baishakh 22, 2083, with a possible extension until Baishakh 30, 2083 if the issue remains undersubscribed.
Issue Structure
The company has an issued capital of Rs. 70 Crores, of which 40% (28,00,000 units) is allocated to the public. Previously, 10% (7,00,000 units) was distributed to project-affected locals of Sindhupalchok District. The remaining 30% (21,00,000 units) is allocated to the general public, divided as follows:
- 2,10,000 units (10%) for Nepali citizens working abroad
- 42,000 units (2%) for company employees
- 1,05,000 units (5%) for mutual funds
- 17,43,000 units for the general public (opening from Baishakh 16)
Investors can apply for a minimum of 10 units and a maximum of 21,000 units. The issue manager for the IPO is Muktinath Capital Limited. The company has received an issuer rating of CARE-NP BB- (Is) from CARE Ratings Nepal Limited, indicating a moderate risk of default in meeting financial obligations.
About the Company
Established in 2007 and converted into a public company in 2021, Yambaling Hydropower operates the 7.27 MW Yambaling Khola Hydropower Project in Sindhupalchok. The project commenced commercial operation on February 20, 2024, under the BOOT (Build, Own, Operate, Transfer) model.
