IPO for General Public: Daramkhola Hydro Energy Limited Company to Issue 24,23,185 Units IPO Shares from Today
Thu, Jul 31, 2025 9:43 AM on IPO/FPO News, Latest,
Daramkhola Hydro Energy Limited has officially opened its Initial Public Offering (IPO) for the general public starting today, 15th Shrawan, 2082. The company is issuing a total of 24,23,185 unit shares at a par value of Rs. 100 per unit. The early closing date for the IPO is 19th Shrawan, 2082, but if the issue is not fully subscribed by then, the deadline will be extended up to 29th of Shrawan, 2082.
The issued capital of the company is Rs. 1.03 Arba. Of this, 38.33%, i.e., 39,50,000 unit shares, are being issued to the public. Out of the total public issue, 10%, which amounts to 10,30,500 unit shares worth Rs. 10.30 Crores, has already been issued to project-affected locals of Gulmi and Baglung districts.
The remaining 28.33% of the issued capital, i.e., 29,19,500 unit shares, will now be offered to the general public. Of this general public issue, 10%, a total of 2,91,950 unit shares, have been issued for Nepalese citizens working abroad. Of the general public issue, 2%, i.e., 58,390 units, have been set aside for the company's employees, and 5% of the total offered shares, i.e., 1,45,975 units, have been set aside for the mutual funds. The remaining 24,23,185 units are for the general public, which will be opened from today.
LS Capital has been appointed as the issue manager for the IPO issuance. Applications could be placed for a minimum of 10 units and a maximum of 50,000 units.
Infomerics Credit Rating Nepal Limited has reaffirmed a Double B Minus (IRN BB-) issuer rating for long-term bank facilities worth NPR 1,400 million, and an A Four (IRN A4) rating for short-term bank facilities worth NPR 1,235 million.
Daram Khola Hydroelectric Limited, established in December 2015, is a public limited company developing a 9.6 MW hydro project in Baglung, Nepal. The project has a 247 km² catchment area and a 10.30 m³/s design discharge. It is primarily promoted by local individuals, with Mr. Nar Bahadur Pun (Niraj) serving as chairman.
