Himstar Hydropower IPO Opens for General Public From Today
Himstar Hydropower Limited has opened its IPO issue for the general public from today. Investors can apply for a minimum of 10 shares and a maximum of 2,000 shares.
Himstar Hydropower Limited has opened the sale of its Initial Public Offering (IPO) for the general public from today, Jestha 1. The company is issuing a total of 950,000 ordinary shares for public investors.
Under this IPO, investors can apply for a minimum of 10 shares and a maximum of 2,000 shares. The deadline for application has been set for Jestha 5. The issue period may be extended if the issue is not fully subscribed within the given time.
The company has received a ‘CARE-NP BB’ rating from Care Ratings Nepal. This rating indicates a moderate level of risk regarding the company’s ability to meet its financial obligations on time.
Investors can apply through ASBA-approved banks and financial institutions authorized by the Securities Board of Nepal (SEBON), their branch offices, as well as through the MeroShare platform.