Himalayan Hydropower Limited (HHL) IPO for locals is open from today. A total of 9,00,000 unit IPO shares worth Rs. 9 crores has issued to the project-affected locals of Kaski district (Madi VDC) from 25th Baisakh, 2079.
Applicants can apply for this IPO till Jestha 08, 2079. If this IPO is not fully subscribed till Jestha 08, 2079, then it will be extended up to Jestha-26, 2079.
The investor can apply for this IPO of 10 units to 100,000 units. Global IME Capital Limited is the issue manager for the IPO.
ICRA Nepal gave the rating for Himalayan Hydropower Limited (HHL) to [ICRANP-IR] B+(pronounced ICRA NP issuer rating B plus) from [ICRANP-IR] BB+ (pronounced ICRA NP issuer rating double B plus).
How to Apply for Himalayan Hydropower Limited
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Himalayan Hydropower Limited (HHL) IPO Details:
| Particulars | Percentage | Units | Amount |
| Total Capital | 100% | 1, 09,50,000 | 1,09,50,00,000 |
| Total Issue (Project affected area) | 8.22% | 9,00,000 | 9,00,00,000 |
| Issue Manager | Global IME Capital | ||
| IPO Open Date | Baisakh 25, 2079 | ||
| IPO Closing Date (earliest) | Jestha 8, 2079 | ||
| IPO Closing Date (Late) | Jestha 26, 2079 | ||
| Minimum Application | 10 | ||
| Maximum Application | 1,00,000 |
Himalayan hydropower Limited
Himalayan hydropower Limited is a registered public limited company established under the Companies Act 2063 of Nepal, with the objective of promoting hydropower in Nepal through private investment.
Himalayan hydropower Limited was incorporated as a private limited company in 2061 Mangsir 22 BS and later converted into a public company as Himalayan Hydropower Limited in 2074 Baishak 28.
Mission
The main objective of the company is the optimum use of water to generate hydropower electricity which ultimately fulfills the demand for electricity in the country.
Vision
The main objective of the company is the optimum use of water to generate hydropower electricity which ultimately fulfills the demand for electricity in the country.
Namarjun Madi Hydro Power project
Namarjun Madi Hydro power Project (12 MW) is the project which is in operation since August 2015. The project is run on the river at Madi river of Kaski. For the execution of project, company has entered into a consortium agreement with various banks along with lead bank Janata Bank Nepal Limited.
Namarjun Madi Hydropower Project (12 MW) is the project which is in operation since August 2015. The project is run on the river at Madi river of Kaski. For the execution of the project, company has entered into a consortium agreement with various banks along with lead bank Janata Bank Nepal Limited. Civil works of the project will be completed till Kartik end in 2076. Installation of electromechanical equipment is ongoing on site. Power evacuation arrangement has been made with Super Madi Hydropower project (44MW) and Madhkyu Khola Hydropower Project (13 MW) and Namarjun Madi Hydropower Project (12 MW) and Upper Madi Hydro Project (25MW). Single Line Diagram Approval has been obtained from Grid Connection Department, NEA and other erection of transmission line will be completed till a generation of electricity.
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