Kalanga Hydro Limited to Issue 2.87 Million Shares in Public IPO from May 22 (Jestha 8)

Kalanga Hydro Issue 2.87 Million Shares

5th May 2026, Kathmandu

Kalanga Hydro Limited is all set to enter the second phase of its Initial Public Offering (IPO), opening subscriptions for the general public starting May 22, 2026 (Jestha 8, 2083).

Kalanga Hydro Issue 2.87 Million Shares

Following the successful allotment of shares to project-affected locals in Bajhang and Nepalese citizens working abroad, the company is now offering its remaining ordinary shares to the wider public.

IPO Details and Subscription Timeline

The company is issuing 2,870,000 units of ordinary shares at a face value of NPR 100 per share. The total value of this public offering stands at NPR 287 million.

Opening Date: May 22, 2026 (Jestha 8)

Early Closing Date: May 27, 2026 (Jestha 13)

Late Closing Date: June 5, 2026 (Jestha 22)

Minimum Application: 10 units (NPR 1,000)

Maximum Application: 20,000 units (NPR 2,000,000)

Sanima Capital Limited has been appointed as the issue and sales manager for the offering.

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Project Profile: Kalanga Gad Hydroelectric Project

Kalanga Hydro Limited operates the 15.33 MW Kalanga Gad Hydroelectric Project, a run-of-river (RoR) facility located in the Bajhang district of Sudurpaschim Province.

The project officially began commercial power generation on February 10, 2023. Built under the BOOT (Build, Own, Operate, and Transfer) mechanism, the project has a 30-year Power Purchase Agreement (PPA) with the Nepal Electricity Authority (NEA).

Financial Health and Credit Rating

Care Ratings Nepal has assigned a ‘CARE-NP BB’ issuer rating to the company. This rating indicates a moderate risk regarding the timely servicing of financial obligations.

While the project is already operational and generating revenue, the rating reflects the financial leverage common in large-scale infrastructure projects.

How to Apply for the Kalanga Hydro IPO

Eligible investors can apply for the IPO through two primary digital channels:

Mero Share: Log in to your Mero Share account, navigate to the “My ASBA” section, and select Kalanga Hydro Limited to submit your application.

C-ASBA Member Banks: Investors can also visit their respective banks that are members of the C-ASBA system to submit physical or digital applications.

With the hydropower sector continuing to dominate the Nepalese primary market, this IPO provides another opportunity for retail investors to participate in Nepal’s growing renewable energy landscape.

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