Yambaling Hydropower Limited's IPO; Deadline Extended for Project Affected Locals Till Baishakh 07

Yambaling Hydropower Limited has extended the issue of its IPO to the project-affected locals of Sindhupalchowk District until 7th Baisakh, 2083. The issue had opened on 8th 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 units, a total of 2,10,000 units, were allotted to Nepalese citizens working abroad.

For project-affected locals, the minimum application quantity is 10 units, and the maximum is 7,000 units. For Nepalese citizens working abroad, the minimum application quantity is 10 units, and the maximum is 21,000 units.

Muktinath Capital Limited has been appointed the issue manager for the public offering.

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.