Today is the Final Day for Migrant Workers to Apply for IPO of Him Star Urja Company

Him Star Urja Company Limited is currently offering its Initial Public Offering (IPO) to two specific groups—residents affected by the project and Nepali citizens working abroad. For Nepali migrant workers, today (Ashar 13) marks the final opportunity to apply for shares under this scheme.

The IPO, which opened on Jestha 30, allows affected locals a bit more time, as they can apply either by today or, at the latest, by Ashar 29.

The company is issuing 30% of its paid-up capital of NPR 373 million, which amounts to 1,119,000 shares priced at NPR 100 each.

Out of this total, 5% or 186,500 shares are allocated for residents of the project-affected areas, while 25% or 932,500 shares are reserved, including 93,250 shares specifically for Nepalis working abroad.

Eligible locals include residents of Jijidemba Rural Municipality Ward No. 8 in Okhaldhunga (formerly Bhusinga VDC) and Ward No. 2 of Likhu Pike Rural Municipality in Solukhumbu (formerly wards 1–5 of Goli VDC). Both groups of applicants can apply for a minimum of 10 shares and a maximum of 10,000 shares.

Additionally, the company has set aside 70,910 shares for its employees and 177,275 shares for mutual funds. The remaining 2,942,760 shares will be made available to the general public in the upcoming phase.

Credit rating agency ICRA Nepal has assigned a “Double B Minus (ICRA NP IR BB-)” rating to the company, indicating moderate credit risk. The IPO issuance and sales management are being handled by NIC Asia Capital Limited.