Yambaling Hydropower Limited is finalizing the issuance of 7,00,000 units of Initial Public Offering (IPO) shares designated for locals impacted by the project in Sindhupalchowk District today, 23rd Chaitra, 2082. The IPO initially opened on 8th Chaitra, 2082.
The company’s authorized capital stands at Rs. 70 Crores, from which 40%, equivalent to 28,00,000 unit shares, is set to be released to the public. Of this total capital issue, 10%, translating to 7,00,000 unit shares valued at Rs. 7 Crores, is earmarked for the project-affected residents of Sindhupalchok District. The remaining 30% of the issued capital, or 21,00,000 unit shares, will be presented to the general public.
Within the general public offering, 10% of the 21,00,000 units, which amounts to 2,10,000 units, has been reserved for Nepalese citizens employed overseas.
For those project-affected locals, the minimum application quantity is 10 units, while the maximum is 7,000 units. For Nepalese citizens working abroad, the minimum application quantity is also 10 units, with a maximum limit of 21,000 units.
Muktinath Capital Limited has been designated as the issue manager for this public offering.
CARE Ratings Nepal Limited (CRNL) has reaffirmed the issuer rating of CARE-NP BB- (Is) for Yambaling Hydropower Limited (YHL). In Nepal, organizations with this rating are regarded as having a moderate likelihood of defaulting on their financial commitments punctually.
Founded in 2007 and transitioned to a public entity in 2021, Yambaling Hydropower Limited (YHL) administers the 7.27 MW run-of-river Yambaling Khola Hydropower Project in Sindhupalchowk, Nepal, which commenced commercial operations on February 20, 2024, under a BOOT (Build, Own, Operate, Transfer) framework.
