Him Parbat Hydropower Opens First Phase IPO for Local Residents and Migrant Workers

28th October 2026, Kathmandu

Him Parbat Hydropower Limited has officially opened the subscription for the first phase of its Initial Public Offering (IPO) targeted at project-affected local residents and foreign-employed Nepali citizens starting today.

Him Parbat Opens IPO

IPO Structure, Allocations, and Valuation Details

The hydropower developer is issuing shares from its primary allocation pool at par value to fulfill local and regulatory quotas.

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• Issue Approval and Valuation: Him Parbat Hydropower received regulatory authorization to issue 35 percent of its NPR 1.69 billion total issued capital, translating to 5,915,000 ordinary share units valued at NPR 591.50 million at a base price of NPR 100 per share.
• Project-Affected Locals Quota: A total of 1,690,000 share units valued at NPR 169.00 million are designated for local residents of the project-affected areas.
• Highly Affected Local Allocation: Within the local quota, 1,014,000 units are allocated to highly affected residents residing in Wards 5, 6, 7, and 8 of Bigu Rural Municipality and Wards 2, 3, and 4 of Kalinchowk Rural Municipality in Dolakha District.
• Moderately Affected Local Allocation: The remaining 676,000 units are reserved for residents of other remaining wards within Bigu and Kalinchowk Rural Municipalities.
• Foreign Employment Quota: A tranche of 422,500 share units (valued at NPR 42.25 million), representing 10 percent of the general public quota, is allocated for foreign-employed Nepali citizens working abroad with valid labor permits.
• Application Thresholds: Applicants can apply for a minimum subscription of 10 share units up to a maximum limit of 10,000 share units.
• Issue Manager: Citizens Capital Limited has been appointed as the official issue and sales manager for the public offering.

Subscription Schedules and Collection Outlets

The issue window establishes specific closing timelines and designated collection centers for both target categories.

• Application Window for Locals: The subscription period for project-affected residents opens on Kartik 11, 2083, with an early closing date set for Kartik 25, 2083, and a extended deadline extending to Mangsir 10, 2083.
• Application Window for Migrant Workers: Foreign-employed Nepalis can apply starting Kartik 11, 2083, with an early closing date set for Kartik 16, 2083, and a final extended deadline of Kartik 25, 2083.
• Physical Application Outlets for Locals: Local residents can submit applications through designated branches of Nepal Investment Mega Bank, Sindhu Bikash Bank, Prabhu Bank (Singati Branch), Laxmi Sunrise Bank (Sunkhani Extension Counter), and Citizens Bank International (Charikot Branch).
• Online Application Mechanism: Foreign-employed applicants can submit digital bids through C-ASBA member banks and financial institutions or directly via CDSC’s Mero Share online portal.

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