IPO Allotment of Him Star Urja Limited Concluded [IPO Result !!]
July 17, 2025 | Investopaper
IPO Allotment of Him Star Urja Limited
NIC Asia Capital Limited, the issue manager for the initial public offering (IPO) of Him Star Urja Limited, has concluded the IPO allotment process on Wednesday.
After the allotment, 77,397 applicants have received 10 shares each through lottery. Among them, 5 applicants received 1 additional share.
A total of 18,95,376 valid applicants had subscribed for the shares. With the allotment, more than 18.18 lakh applicants were left empty-handed.
To view the IPO result of Him Star Urja Limited, click the link below:
IPO Result Of Him Star Urja Limited
Second Phase: IPO To General Public
After the first phase, Him Star Urja Company Limited had issued the shares to the general public in the second phase of an initial public offering (IPO). The IPO to general public was open from Ashad 24, 2082 BS.
The company had sold 7,73,975 shares at Rs. 100 per share to the general public.
Interested investors ccould apply for a minimum of 10 shares and a maximum of 10,000 shares.
The public offering was closed on Ashad 27, 2082 BS.
The company has allotted 46,625 shares to the mutual fund schemes and 18,650 shares to the employees of the company.
First Phase: IPO To Locals & Foreign Employed Nepalis
In the first phase of the IPO, the company had issued the shares to the locals of the project affected areas and to the Nepalis in foreign employment from Jestha 30, 2082 BS.
The hydropower company had floated 1,86,500 shares to the locals of the project affected areas of the Okhaldhunga and Solukhumbu district. Due to full-subscription of shares, the IPO to locals was closed on Ashad 13, 2082 BS.
Interested eligible locals could subscribe for a minimum of 10 shares and a maximum of 10,000 shares.
Similarly, the company had sold 93,250 shares (10 percent of general public’s quota) to the foreign employed Nepalis from Jestha 30, 2082 BS. The IPO to foreign employed Nepalis was also closed on Ashad 13, 2082 BS.
Interested foreign employed Nepalis could apply for a minimum of 10 shares and a maximum of 10,000 shares.
In total (including the first and second phase), the hydropower company will 11,19,000 unit shares to the general public. At a par value of Rs 100, the public issue amounts to Rs 11.19 crores.
For this purpose, Securities Board Of Nepal (SEBON) gave the permission to the company on Jestha 9, 2082 BS. The company had submitted the application to the board on Jestha 31, 2080 BS. Only after receiving the approval from the regulatory body, the company can float the shares to the public.
NIC Asia Capital Limited was issue and sales manager for the IPO.
About Him Star Urja Company Limited
Him Star Urja Company Limited was incorporated on August 19, 2010 as a private limited company. Later, it was transformed to a public company on December 8, 2017 in order to issue shares to the general public.
The company is currently developing a 5 MW Buku Kapati Khola Hydropower Project at Okhaldhunga and Solukhumbu district.
The total estimated cost of the project is Rs. 1.02 billion which will be financed in the debt-equity ratio of 64:36.
The electricity generated from the project will be evacuated through NEA’s under-construction Bamti substation in Ramechhap district.
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