Tomorrow is the final day to apply for the initial public offering (IPO) of Him Parbat Hydropower Limited, issued specifically for Nepalis working abroad.

According to the latest figures as of Kartik 15, the IPO has received 58,019 applications requesting a total of 1,015,240 shares. The company had allocated 422,500 shares for Nepalis working in foreign employment. Applications have therefore reached approximately 2.4 times the number of shares offered.

The company has issued shares in separate categories for residents of project-affected areas and Nepalis working abroad. With the application deadline approaching, participation from eligible migrant workers has increased.

Eligible applicants can apply for a minimum of 10 shares and a maximum of 10,000 shares. Only Nepalis currently employed abroad with valid labour approval from the relevant government authority are eligible to apply under this category.

Applications can be submitted through the C-ASBA system at banks and financial institutions participating in the ASBA service and approved by the Securities Board of Nepal. Applicants can also apply online through CDS and Clearing Limited's Mero Share platform.

Citizens Capital Limited has been appointed as the issue and sales manager for the IPO.