Final Day to Apply for Kalinchok Hydropower Limited’s General Public IPO

Kalinchok Hydropower Limited’s Initial Public Offering (IPO) for the general public closes today (Chaitra 25), marking the final opportunity for investors to apply. Prior to this, the company had already allotted shares to project-affected locals and Nepali workers employed abroad. Out of its total issued capital of NPR 550 million, the company received approval to issue 25% shares worth NPR 137.5 million (1.375 million units). In the second phase, 684,750 units of shares with a face value of NPR 100 each have been opened to the general public, after allocating portions for mutual funds and employees. Investors can apply for a minimum of 10 shares and a maximum of 10,000 shares. CARE Ratings Nepal has assigned the company a “CARE-NP Double B” issuer rating, indicating moderate risk in meeting financial obligations. The company operates the 5 MW Sangu (Sorun) Khola Hydropower Project, which has a total cost of NPR 1.2 billion. The issue and sales manager for the IPO is RBB Merchant Banking Limited, and investors can apply through C-ASBA-enabled banks or via the online platform Mero Share.