Him Star Urja Company Limited, a Nepali hydropower firm, submitted its IPO application to SEBON on Jestha 31, 2080 BS (June 2023), proposing to float 1,119,000 shares at a par value of NPR 100 each—raising approximately NPR 11.19 crore (111.9 million)—with NIC Asia Capital as the issue manager .
The company's 5 MW Buku Kapati Khola project in Okhaldhunga/Solukhumbu districts is underway .
It was converted from a private to a public company in December 2017 .
Rating agency ICRA Nepal assigned a “B+” (Issuer Rating) to this IPO, indicating relatively higher credit risk .
📌 Current status: SEBON has added the proposal to its IPO pipeline, but no official IPO dates have been announced yet .
🏀What’s next?
SEBON’s approval and final prospectus release are awaited.
A public sale will follow: first targeting locals and Nepali expatriates, then the wider public .
🏀Current Status:
IPO Proposal Submitted to SEBON: On Jestha 31, 2080 BS (June 2023)
Number of Shares Proposed: 1,119,000 shares at NPR 100 per share
Issue Manager: NIC Asia Capital Limited
IPO Type: Ordinary shares for the general public and project-affected locals
ICRA Nepal Rating: B+ (Issuer Rating) – indicating high credit risk relative to other issuers
SEBON Approval: Pending – SEBON has listed the IPO in its pipeline, but final approval is yet to be granted
IPO Opening Date: Not yet announced
🏀Next Steps:
Awaiting SEBON’s final approval
Publication of the official prospectus
IPO opening for project-affected locals, then general public
