Him Star Urja Company Limited Opens IPO for Public Subscription from Today

Him Star Urja Company Limited has opened its Initial Public Offering (IPO) for public subscription starting today, Asar 24. The company had previously allocated shares for local residents of the project-affected area and Nepalis working abroad. Now, the remaining shares are available for general investors. The Securities Board of Nepal (SEBON) had approved the issuance of 30% of the company’s issued capital, amounting to NPR 111.9 million (11,19,000 units of shares). Out of these, 1,86,500 units were allocated for local residents of the project-affected area, and 93,250 units were set aside for Nepalis working abroad with valid labor permits. The company has now reserved 18,650 units for employees and 46,625 units for mutual funds. The remaining 7,73,975 units are open for the general public.

Key IPO Details:

Minimum Application:*10 units –

Maximum Application: 10,000 units –

Early Closing:Asar 27 (if fully subscribed) – Final Closing: Shrawan 6

Credit Rating: ICRA Nepal has assigned the company an

ICRA NP Issuer Rating of BB- (Double B Minus)

indicating moderate risk in meeting financial obligations. ### Project Details: – **Project Name:** 5 MW Buku Khola Hydropower Project – **Total Project Cost:** NPR 1.23 billion (NPR 24.77 million per MW) – **Remaining License Period:** 27.7 years – **Simple Payback Period:** 7.14 years – **Discounted Payback Period:** 11.75 years ### Issue and Sales Manager: NIC Asia Capital Limited is managing the IPO process. ### How to Apply: Investors can apply through **C-ASBA** approved banks and financial institutions and their designated branches. This IPO presents an opportunity for investors to participate in Nepal’s growing hydropower sector. Apply now before the deadline! *(Source: Company Announcement, SEBON, ICRA Nepal)*