Himalayan Power Allots Unsubscribed Rights Shares and Fixes Final Cut off Price
28th June 2026, Kathmandu
Himalayan Power Partner Limited has completed the allotment of its unsubscribed rights shares. The company successfully allotted 468,740 shares based on applications received through a sealed bid process.
Himalayan Power Allots Rights
This distribution represents a crucial step for the hydropower company as it consolidates capital to enhance its ongoing energy generation projects and maintain a solid liquidity profile within the local secondary market.
When capital expansions leave a portion of shares unrequested by existing stakeholders, these leftovers are traditionally redirected to the open market. This allows institutional groups and individual market participants to secure equity positions. The completion of this specific auction marks the final stage of the long term corporate financing layout designed by the executive board of the energy producer.
Complete Timeline of the Rights Share Bidding and Selection Process
The unsubscribed rights shares were offered for sale through sealed bids from June 10 to June 17, 2026 (Jestha 27 to Asar 4, 2083). During this short competitive bidding window, interested retail traders and corporate financial firms submitted their confidential pricing sheets directly to the assigned management authorities. The high level of interest underscores the continuing appeal of domestic clean energy infrastructure projects among regional stock buyers.
Following the close of the public collection window, the bids were opened on June 21 (Asar 8) at the office of the issue manager in Naxal. Representatives from the regulating agencies and the corporate management team monitored the initial opening phase to ensure absolute institutional transparency. Soon after the pricing compilation ended, the company Board of Directors meeting held on June 23 (Asar 10) officially approved the final allotment list.
Determining the Cut off Price and Allotment Proportions
According to the company, the cut-off price was fixed at NPR 345.10 per share. The cut off price is the lowest dollar or rupee valuation at which available shares can be successfully distributed among applicants based on competitive demand. Those who evaluated the market trends accurately and placed their values significantly above this point were prioritised for the distribution pool.
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Applicants who submitted bids at or above the cut-off price were allotted shares on a proportional basis according to demand and relative weighting. This proportional approach ensures that equity distribution remains mathematically balanced across different investment tiers. Those who bid precisely at the limit received partial allocations based on the remaining unit volume available at the final moment of calculation.
Electronic Bank Refunds for Unsuccessful Bid Submissions
For individuals who missed out on the allotment or only received a limited number of units, the capital manager has established an automated repayment pipeline. The company stated that funds corresponding to unsuccessful or partially allotted applications will be refunded to applicants through the IPS system into the bank accounts specified in their application forms.
This automated settlement system eliminates the old necessity of physically picking up printed clearing checks from merchant banks. The direct bank transfer setup ensures that institutional liquidity is returned to the trading accounts of applicants within a minimal timeframe. This rapid turnaround allows retail traders to quickly deploy their capital back into other active public offerings.
Strategic Oversight by Global IME Capital Limited
The successful coordination and execution of this significant equity distribution required meticulous financial planning. Global IME Capital Limited served as the issue and sales manager for the share sale. As a leading player in the investment banking landscape of Nepal, the capital house managed everything from initial application verification to final price balancing.
With this auction fully processed and integrated into the primary corporate ledger, the capital structure of Himalayan Power Partner Limited reaches its targeted baseline. The fresh capital injection will help fund operational overheads and lower bank loan liabilities for its active hydro facilities. Shareholders can check their exact portfolio updates through their respective depository services.
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