Yambaling Hydropower Limited is set to launch its Initial Public Offering (IPO) to the public on the 16th of Baishakh, 2083. The firm will offer 17,43,000 shares at a nominal value of Rs. 100 per share. The IPO will close early on the 22nd of Baishakh, 2083, unless the offering is not fully subscribed, in which case the deadline will be extended to the 30th of Baishakh, 2083.
The company’s issued capital totals Rs. 70 Crores, with 40%, or 28,00,000 shares, designated for public distribution. Among the total capital raised, 10%, equivalent to 7,00,000 shares valued at Rs. 7 Crores, has been allocated to individuals affected by the project in Sindhupalchok District. The remaining 30% of the issued capital, or 21,00,000 shares, will be open to the general public.
From this public offering, 10% of the 21,00,000 shares, totaling 2,10,000 shares, are reserved for Nepalese nationals residing abroad. Additionally, 2%, or 42,000 shares, have been allocated for the company’s workforce, while 5% of the overall shares offered, which amounts to 1,05,000 shares, is reserved for mutual funds. The leftover 17,43,000 shares will be available to the public starting on the aforementioned date.
Muktinath Capital Limited has been designated as the issue manager for this public offering. Investors can apply for a minimum of 10 shares and a maximum of 21,000 shares.
CARE Ratings Nepal Limited (CRNL) has reaffirmed an issuer rating of CARE-NP BB- (Is) for Yambaling Hydropower Limited (YHL). In Nepal, issuers with this rating are deemed to have a moderate risk of failing to fulfill their financial obligations promptly.
Founded in 2007 and transitioned to a public entity in 2021, Yambaling Hydropower Limited (YHL) manages the 7.27 MW run-of-river Yambaling Khola Hydropower Project located in Sindhupalchowk, Nepal, which commenced commercial operations on February 20, 2024, under a BOOT (Build, Own, Operate, Transfer) model.
