Kalanga Hydro Limited Opens IPO for Project-Affected Locals and Foreign Nepalese Immigrants From Today
Tue, Mar 24, 2026 10:15 AM on Highlight News,
Kalanga Hydro Limited has commenced its Initial Public Offering (IPO) today, 10th Chaitra, 2082, offering 14,00,000 units of shares to project-affected locals of Bajhang District and 3,50,000 units of shares to Nepalese citizens working abroad.
The IPO issue for the locals of Bajhang District will open from today i.e. from 10th Chaitra to 24th Chaitra, 2082, with a possible extension till Baishakh 09, 2083, if not fully subscribed by the early closing date, while for Nepalese citizens working abroad, the issue will open from today i.e. from 10th Chaitra to 15th Chaitra, 2082, and may be extended till Chaitra 24 if undersubscribed.
The issued capital of the company is Rs. 1.40 Arba. Of this, 35%, i.e., 49,00,000 unit shares, will be issued to the public. Out of the total issue capital, 10%, amounting to 14 lakh unit shares worth Rs. 14 Crores, will be allocated to project-affected locals in Bajhang District. The remaining 25% of the issued capital, i.e., 35 lakh unit shares, will be offered to the general public.
Of this general public issue, 10% of , a total of 3,50,000 unit shares, have been set aside for Nepalese citizens working abroad, and the issue for this category will open from today.
For project-affected locals, the minimum application quantity is 10 units, and the maximum is 20,000 units. For Nepalese citizens working abroad, the minimum application quantity is 10 units, and the maximum is 20,000 units.
Sanima Capital Limited has been appointed the issue manager for the public offering.
CARE Ratings Nepal Limited (CRNL) has revised the issuer rating assigned to Kalanga Hydro Limited (KHL) to ‘CARE-NP BB (Is)’ from ‘CARE-NP BB- (Is)’. Issuers with this rating are considered to offer a moderate risk of default regarding the timely servicing of financial obligations in Nepal.
Kalanga Hydro Limited (KHL) was initially incorporated as a private limited company on 20 December 2007 (converted to a public limited company on July 14, 2021) by a group of individual and institutional promoters for the setting up of a 15.33 MW, run-of-river, Kalanga Gad Hydroelectric Project in the Bajhang district of Nepal. The project is constructed under the BOOT mechanism.
