Him Star Energy Company issues IPO worth Rs. 373 million

After completing the IPO allotment for locals of the affected project area and Nepalis working abroad, Him Star Urja Company Limited has now opened its IPO to the general public from Ashar 24. Out of the total 30% of its issued capital (NPR 37.3 crore), the company is offering 7,73,975 shares to the general public. Additionally, 18,650 shares are reserved for employees and 46,625 shares for mutual funds.

Investors can apply for a minimum of 10 shares and a maximum of 10,000 shares. The IPO is open until Ashar 27, and if not fully subscribed, the deadline may be extended to Shrawan 6. ICRA Nepal has assigned the company a credit rating of "ICRA NP Issuer Rating Double B Minus", indicating a moderate level of risk. NIC Asia Capital Limited is the issue manager, and applications can be submitted via the C-ASBA system through approved banks and financial institutions.