Yambaling Hydropower Limited has concluded the allotment of its Initial Public Offering (IPO) shares reserved for Nepalese citizens working abroad on Chaitra 18, 2082.

The company had allocated 210,000 units of shares under this category, representing 10% of the total general public issuance. The offering attracted strong investor interest, receiving 83,396 valid applications for a total demand of 1,096,290 units. A total of six applications, amounting to 70 units, were rejected during the verification process.

Based on the allotment module, 21,000 applicants were allotted 10 units each, reflecting a heavily oversubscribed issue.

Yambaling Hydropower’s total issued capital stands at Rs. 70 crores, of which 40% (2.8 million units) will be issued to the public. This includes 10% (700,000 units) allocated to project-affected locals of Sindhupalchok district and 30% (2.1 million units) to the general public.

Investors can check the IPO results through CDSC’s IPO result portal, MeroShare, and Muktinath Capital Limited, which has served as the issue manager.

CARE Ratings Nepal has reaffirmed the company’s issuer rating at CARE-NP BB- (Is), indicating a moderate risk of default in meeting financial obligations.

Established in 2007 and converted into a public limited company in 2021, Yambaling Hydropower operates the 7.27 MW run-of-river Yambaling Khola Hydropower Project in Sindhupalchok. The project began commercial operations on February 20, 2024, under the BOOT (Build, Own, Operate, Transfer) model.

The strong subscription levels highlight continued investor appetite in Nepal’s hydropower sector, particularly among foreign-employed Nepalis seeking domestic investment opportunities.