Kathmandu. Today is the last day to apply for the IPO of Him Star Energy Company Limited. The last day to apply for the primary phase IPO, which the company has been offering to the public since Jestha 30, is today, Ashar 13.
The company has issued the first phase of primary shares for project-affected local residents and Nepalis working abroad.
The company has received permission from the Nepal Securities Board to issue 111,19,000 units of IPO worth 111,190,000 units, equivalent to 30 percent of the issued capital of 373 million rupees, at a face value of 100 rupees per unit.
Out of which 186,500 units will be issued in the first phase for project-affected local residents and 93,250 units for Nepalis working abroad. Yes.
In the IPO allocated for project-affected people, local residents of Khijidemba Rural Municipality Ward No. 8 of Okhaldhunga, all wards of the former Bhusinga VDC, and Likhupike Rural Municipality Ward No. 2 of Solukhumbu, and former Goli VDC Wards No. 1, 2, 3, 4, 5 will be able to apply.
In the IPO allocated for foreign employment, Nepalis who have gone abroad for employment after obtaining a labor permit from the relevant body of the Government of Nepal will be able to apply. When applying for this, a minimum of 10 units and a maximum of 10,000 units can be requested.
ICRA Nepal has assigned the company an ICRA NP Issuer Rating of Double B Minus in the rating conducted for the IPO issuance. This indicates that the company has an average risk in its ability to meet its obligations.
Local residents can apply from Citizens Bank’s Likhupike branch, Okhaldhunga, Mahila Bhavan and Janasthaya Bhavan in Khijidemba Rural Municipality Ward No. 8, and the Ward Office of Solukhumbu Likhupike Rural Municipality Ward No. 2.
Also, applications can be submitted from the website of the sales manager NIC Asia Capital Limited, and project-affected parties will have to pay Rs. 2 for the application form.
The company will issue the second phase of the IPO to the public after allocating the first phase.
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