Him Star Urja Company Limited Announces IPO for Locals and NRNs | Full Details
Him Star Urja Company Limited, a Nepal based hydropower company has announced the commencement of its Initial Public Offering (IPO) with effect from 30th Jestha, 2082 (June 13, 2025). This IPO will target two significant segments, including the project-affected people of the Okhaldhunga and Solukhumbu districts, and the Nepali citizens working or living in foreign countries (NRNs).
This IPO offers an excellent chance to the locals and Non- Resident Nepalis to invest in the developing hydropower sector of the nation.
IPO Overview
| Category | No. of Shares | Total Amount (NPR) |
|---|---|---|
| Project-Affected Locals | 1,86,500 units | NPR 1,86,50,000 |
| Nepali Citizens Abroad (NRNs) | 93,250 units | NPR 93,25,000 |
| Total Public Issue (This Phase) | 2,79,750 units | NPR 2,79,75,000 |
The IPO is part of a larger public issue of 6,30,000 shares, out of which 2,79,750 shares are being issued in the first phase.
Important Dates
For Project-Affected Locals:
- Opening Date: 2082/02/30 (June 13, 2025)
- Earliest Closing Date: 2082/03/13 (June 26, 2025)
- Latest Closing Date (if under-subscribed): 2082/03/29 (July 12, 2025)
For Nepali Citizens Residing Abroad (NRNs):
- Opening Date: 2082/02/30 (June 13, 2025)
- Earliest Closing Date: 2082/03/13 (June 26, 2025)
- Latest Closing Date: 2082/03/29 (July 12, 2025)
IPO Details
| Criteria | Locals | NRNs |
|---|---|---|
| Face Value per Share | NPR 100 | NPR 100 |
| Minimum Units | 10 units | 10 units |
| Maximum Units | 10,000 units | 10,000 units |
| Application Mode | Physical / Online | Online via Mero Share |
How to Apply
➤ For Project-Affected Locals
- Submit application forms at designated collection centers listed in the IPO notice (e.g., Siddhicharan Municipality, Thulung Dudhkoshi Rural Municipality, etc.).
- Must present documents proving local residency in the affected areas.
➤ For Nepali Citizens Residing Abroad (NRNs)
- Apply online through www.nicasiacapital.com
- Use Mero Share platform and select the “C-ASBA” enabled bank
- Ensure your Demat and bank accounts are linked with the C-ASBA system
Project and Financial Highlights
- Project Name: Solu Hydropower Project
- Installed Capacity: 4.38 MW
- Total Project Cost: NPR 93.35 crore (including Interest During Construction)
- Payback Period (Discounted): 11.64 years
- Payback Period (Simple): 7.64 years
- Developer: Him Star Urja Company Limited
- Credit Rating: [ICRA Nepal BB-] – Indicates moderate risk regarding timely debt servicing
Registrar and Issue Manager
- Issue Manager: NIC Asia Capital Limited
- Website: www.nicasiacapital.com
- Contact: info@nicasiacapital.com | 01-5970033
Notes to Investors
Investors should make sure that all the mandatory documents (Demat number, bank account, proof of identity) are active and valid.
It is an excellent opportunity to the locals and NRNs to invest in a hydropower project with good prospects which can lead to clean energy generation in Nepal.
The complete prospectus and information is obtainable at:
Allowing the locals and the NRNs to invest in the hydropower development of Nepal, this IPO by Him Star Urja Company Limited is a demonstration of the inclusive investment approach by the government as well. Having a strong foundation of the project and with the clean energy being a subject of national interest, this IPO is likely to attract a lot of attention.