Him Parbat Hydropower Limited is set to open its initial public offering (IPO) on Kartik 11 for residents of the project-affected areas in Dolakha district and Nepalis employed abroad. The company will issue a total of 2,112,500 ordinary shares at a face value of Rs 100 per share.

Of the total offering, 1,690,000 shares have been allocated to local residents of Dolakha, while 422,500 shares are reserved for Nepalis working abroad. The shares are valued at Rs 169 million for local residents and Rs 42.25 million for eligible overseas workers.

Of the shares reserved for local residents, 1,014,000 shares are allocated to permanent residents of Bigu Rural Municipality wards 5, 6, 7 and 8, and Kalinchowk Rural Municipality wards 2, 3 and 4. The remaining 676,000 shares are reserved for residents of other wards in the two rural municipalities.

Applicants in both categories can apply for a minimum of 10 shares and a maximum of 10,000 shares. For local residents, the early closing date is Kartik 25, while the final closing date is Mangsir 10. Nepalis working abroad can apply until Kartik 16 under the early closing schedule or Kartik 25 under the extended schedule.

Citizens Capital Limited has been appointed as the issue and sales manager. Local residents can apply through designated branches of banks and financial institutions, while eligible Nepalis working abroad can submit applications through the C-ASBA system or Mero Share.

Him Parbat Hydropower operates the 20 MW Sangu Khola Hydropower Project and the 5.5 MW Sangu Khola-1 Hydropower Project in Dolakha district.