Him Parbat Hydropower to Issue IPO for Local Residents and Foreign Employed Nepalis from Kartik 11

12th October 2026, Kathmandu

Him Parbat Hydropower Limited is set to open the issue of its Initial Public Offering (IPO) targeted at local residents affected by its project and Nepalis working abroad, starting from Kartik 11, 2083.

Him Parbat Hydropower IPO 

Capital Allocation and Share Distribution Structure

The hydropower developer is issuing 35 percent of its issued capital in primary shares designated for the public, project-affected locals, and migrant workers.

• Total Issued Capital: The company holds a total issued capital of NPR 1.69 billion.
• Public Share Reservation: A total of 5.915 million shares, representing 35 percent of the issued capital, are allocated for public subscription.
• Project-Affected Locals Share: 10 percent of the issued capital, equivalent to 1.69 million shares valued at NPR 169 million, is reserved for local residents.
• Foreign Employment Allocation: Out of the remaining 25 percent general public allocation, 10 percent (422,500 shares) is designated for Nepalis legally employed abroad.

Local Distribution Breakdown and Geographic Eligibility

The allotment for project-affected locals is split based on proximity to the project impact zones in the Dolakha district.

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• High-Impact Zones Allocation: 1.014 million shares are reserved for residents of highly affected areas, specifically Wards 5, 6, 7, and 8 of Bigu Rural Municipality and Wards 2, 3, and 4 of Kalinchok Rural Municipality.
• Other Local Wards Allocation: 676,000 shares are set aside for residents of the remaining wards across Bigu and Kalinchok Rural Municipalities.

Subscription Limits, Pricing, and Issue Timeline

Applicants across both categories can apply within specified share units, per-value rates, and defined closing deadlines.

• Application Quantities: Investors can apply for a minimum of 10 shares up to a maximum of 10,000 shares.
• Issue Price: Shares are priced at the standard face value of NPR 100 per unit.
• Local Residents Issue Window: Opens on Kartik 11, 2083, closing at the earliest on Kartik 25, 2083, and at the latest on Mangsir 10, 2083, following regular banking hours.
• Foreign Employed Nepalis Issue Window: Opens on Kartik 11, 2083, closing at the earliest on Kartik 16, 2083, and at the latest on Kartik 25, 2083.

Credit Rating and Issue Management

Independent credit evaluation and issue management arrangements have been finalized for the primary offering.

• Credit Rating Grade: ICRA Nepal Limited assigned an ‘ICRANP-IR BB+’ rating on August 13, 2026, indicating moderate risk in fulfilling financial obligations, valid through August 13, 2027.
• Reallocation Clause: Unsubscribed shares from the local or foreign employment quotas will be merged into the general public pool during the subsequent public phase.
• Issue Manager: Citizens Capital Limited serves as the official issue and sales manager.

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