IPO for General Public: Kalanga Hydro Limited to Issue 28,70,000 Units IPO Shares from Jestha 08
Tue, May 5, 2026 11:52 AM on IPO/FPO News, Highlight News,
Kalanga Hydro Limited will open its Initial Public Offering (IPO) to the general public on 8th Jestha, 2083. The company is issuing 28,70,000 unit shares at a par value of Rs. 100 per units. The early closing date for the IPO is the 13th Jestha, 2083, but if the issue is not fully subscribed by then, the deadline will be extended to the 22nd Jestha, 2083.
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, were allotted 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 35,00,000 units, a total of 3,50,000 units, were allotted to Nepalese citizens working abroad.
Of the general public issue, 3%, i.e., 1,05,000 units, have been set aside for the company's employees, and 5% of the total offered shares, i.e., 1,75,000 units, have been reserved for mutual funds. The remaining 28,70,000 units will be issued for the general public and opened from the date mentioned above.
Sanima Capital Limited has been appointed the issue manager for the public offering. Applications could be placed for a minimum of 10 units and a maximum of 20,000 units.
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.
