Yambaling Hydropower Limited Concludes IPO Allotment for Nepalese Citizens Working Abroad; 21,000 Lucky Applicants Receive 10 Units each

The IPO allotment for Nepalese citizens working abroad by Yambaling Hydropower Limited was concluded today, 18th Chaitra, 2082.

The issued capital of the company is Rs. 70 Crores. Of this, 40%, i.e., 28,00,000 unit shares, will be issued to the public. Out of the total issue capital, 10%, amounting to 7,00,000 unit shares worth Rs. 7 Crores, will be allocated to project-affected locals in Sindhupalchok District. The remaining 30% of the issued capital, i.e., 21,00,000 unit shares, will be offered to the general public. Of this general public issue, 10% of 21,00,000, a total of 2,10,000 unit shares, were for Nepalese citizens working abroad.

The issue received a total of 83,396 valid applications for 10,96,290 units. Meanwhile, 6 applications for 70 units were disqualified.

As per the allotment module, 21,000 applicants were allotted 10 units each.

Allotment Module:

The IPO result can be accessed by CDSC IPO Result, MeroShare, and Muktinath Capital Limited.

Muktinath Capital Limited was appointed as the issue manager. The minimum application quantity for Nepalese citizens working abroad was 10 units, and the maximum was 21,000 units.

CARE Ratings Nepal Limited (CRNL) has reaffirmed the issuer rating of CARE-NP BB- (Is) for Yambaling Hydropower Limited (YHL). In Nepal, issuers with this rating are considered to carry a moderate risk of default in meeting their financial obligations on time.

Yambaling Hydropower Limited (YHL), established in 2007 and converted to a public company in 2021, operates the 7.27 MW run-of-river Yambaling Khola Hydropower Project in Sindhupalchowk, Nepal, which began commercial operations on February 20, 2024, under a BOOT (Build, Own, Operate, Transfer) arrangement.