Daramkhola Hydro Energy Closing IPO to General Public from Today
August 4, 2025 | Investopaper
After the first phase, Daramkhola Hydro Energy Limited is currently issuing the shares to the general public in the second phase of an initial public offering (IPO). The IPO to general public is open from Shrawan 15, 2082 BS.
The company is selling 24,23,185 shares at Rs. 100 per share to the general public.
Interested investors can apply for a minimum of 10 shares and a maximum of 50,000 shares.
The public offering will close on Shrawan 19, 2082 BS.
The company has allotted 1,45,975 shares to the mutual fund schemes and 58,390 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 sold the shares to the locals of the project affected areas and to the Nepalis in foreign employment from Ashad 9, 2082 BS.
The hydropower company had floated 10,30,500 shares to the locals of the project affected areas of the Gulmi and Baglung district. Due to over-subscription of shares, the IPO to locals was closed on Ashad 23, 2082 BS.
Interested eligible locals could subscribe for a minimum of 10 shares and a maximum of 50,000 shares.
Similarly, the company had issued 2,91,950 shares (10 percent of general public’s quota) to the foreign employed Nepalis from Ashad 9, 2082 BS. The IPO to foreign employed Nepalis was also closed on Ashad 23, 2082 BS.
Interested foreign employed Nepalis could apply for a minimum of 10 shares and a maximum of 50,000 shares.
In total (including the first and second phase of the IPO), the hydropower company will float 39,50,000 unit shares to the general public. At a par value of Rs 100, the public issue amounts to Rs 39.50 crores.
For this purpose, Securities Board of Nepal (SEBON) has given the permission to the company on Jestha 20, 2082 BS. The company had submitted the application to the board on Bhadra 5, 2080 BS. Only after receiving the approval from the regulatory body, the company can float the shares to the public.
The company has appointed Laxmi Sunrise Capital Limited as issue and sales manager. The agreement for public offering has already been signed between the company and Laxmi Sunrise Capital in this regard.
After the IPO (if fully subscribed), the general public will own 38.33 percent shares in the company while the promoters will hold the remaining 61.67 percent shares.
About Daramkhola Hydro Energy
Daramkhola Hydro Energy Limited is currently developing a 9.6 MW Daram Khola Hydroelectric Project in Baglung district.
The electricity generated from the project will be evacuated through Harichaur Sub-station. The company is constructing a 14 km long 33 kV transmission lines from powerhouse to the Harichaur substation in Baglung district.
Recommended:
