Kamal The IPO of Him Star Urja Company Limited, a hydropower company located in Gaurighat, Kathmandu, is opening for public subscription from today, 24th Ashadh 2082 (July 8, 2025). The offering is being made under the provisions of the Securities Act of 2063 (Section 30) and the Companies Act, 2063 (Section 23).
IPO Details
The company is issuing 11,19,000 units of ordinary shares with a face value of NPR 100 per share, which represents 30% of its total issued capital of NPR 37.30 crore.
Out of the total offering:
- 5% (1,86,500 shares) have already been issued to locals from project-affected areas in Okhaldhunga and Solukhumbu districts.
- 10% of the remaining shares (93,250 units) are reserved for Nepali workers abroad with labor permits.
- 2% (18,650 units) are reserved for company employees.
- 5% (46,625 units) are reserved for mutual funds.
This leaves a total of 7,73,975 shares open to the general public from Ashadh 24 to Ashadh 27, 2082 (July 9 to July 12, 2025). If fully subscribed early, the issue will close on Ashadh 27. Otherwise, the final closing date will be Shrawan 6, 2082 (July 21, 2025).
IPO Application Range
- Minimum Units: 10 shares
- Maximum Units: 10,000 shares
- Price per Share: NPR 100 (full payment at the time of application)
Where to Apply
Investors can apply:
- Through ASBA-participating banks and financial institutions
- Via the MeroShare online platform (C-ASBA)
For detailed documents, visit:
- Company Website: www.urjahimstar.com.np
- NIC Asia Capital Website: www.nicasiacapital.com
- SEBON Website: www.sebon.gov.np
Financial Overview
| Fiscal Year | EPS (NPR) | Net Worth per Share (NPR) | Accumulated Profit/Loss (in ‘000s) |
| 2078/79 (Actual) | -0.20 | 18.84 | (1,600) |
| 2079/80 (Actual) | -0.39 | 24.38 | (2,154) |
| 2080/81 (Actual) | -0.21 | 44.17 | (2,150) |
| 2081/82 (Projected) | 0.00 | 101.33 | 4,851 |
| 2082/83 (Proj.) | 1.41 | 106.81 | 25,351 |
| 2083/84 (Proj.) | 5.48 | 114.42 | 53,775 |
Project Details
Project Name: Buku Kapti Khola Hydropower Project
Installed Capacity: 5 MW
Per MW Cost (incl. IDC): NPR 24.77 crore
Total Estimated Cost: NPR 123.85 crore (incl. IDC)
Generation License Validity: Until Bhadra 7, 2109 (27.7 years remaining)
Payback Period:
- Simple: 7.14 years
- Discounted: 11.75 years
Credit Rating: Him Star Urja Company Limited
The IPO is rated by ICRA Nepal Limited as:
- [ICRANP-IR] BB-
This indicates moderate risk in meeting financial obligations on time.
Final Note for Investors
Investors are advised to carefully read the offer document before applying. Details are available on:
- The company and the capital manager’s websites
- The SEBON site
- The national daily “Karobar” dated Ashadh 17, 2082
Issue Manager:
NIC Asia Capital Ltd. Trade Tower Nepal, Thapathali-11, Kathmandu
Phone: +977-1-5705994
Email: [email protected]
Notice: Him Star Urja Company Launches IPO for General Public from Today Ashar 24
