Daramkhola Hydro Energy Limited, a public limited company developing a 9.6 MW hydropower project in Baglung district, is opening its much-anticipated Initial Public Offering (IPO) to the general public from 15th Shrawan, 2082 (July 30, 2025). The offering is a significant opportunity for investors to take part in a nationally important clean energy initiative with solid local backing.
IPO Issue Summary
The IPO is part of the company’s plan to raise 38.33% of its issued capital through public investment. This includes earlier shares already issued to locals and the newly opened shares for the general public and institutions.
IPO Details Table
| Particulars | Units | Amount (NPR) | % of Issued Capital |
|---|---|---|---|
| Total Issued Capital | – | 1,03,50,00,000 | 100% |
| Public Issue Total | 39,50,000 | 39,50,00,000 | 38.33% |
| – Issued to Project-Affected Locals | 10,30,500 | 10,30,50,000 | 10% |
| – For General Public (Total Remaining) | 29,19,500 | 29,19,50,000 | 28.33% |
| — Nepali Citizens Working Abroad (10%) | 2,91,950 | 2,91,95,000 | – |
| — Employees of the Company (2%) | 58,390 | 58,39,000 | – |
| — Mutual Funds (5%) | 1,45,975 | 1,45,97,500 | – |
| — General Public (Net Units Available) | 24,23,185 | 24,23,18,500 | – |
The IPO for the general public will officially open on 15th Shrawan, 2082.
Early closing date: 19th Shrawan, 2082
Extended closing date (if not fully subscribed): 29th Shrawan, 2082
Investors are advised to apply early as oversubscription is expected.
Application Process
Minimum units to apply: 10 shares
Maximum units to apply: 50,000 shares
Par value per unit: NPR 100
Issue Manager: LS Capital Limited
Applications can be submitted through the Meroshare portal or any ASBA-approved banks and financial institutions.
Company’s Net Worth, EPS & Returns (Actual vs Projected)
Credit Rating
Daramkhola Hydro Energy Limited has received the following ratings from Infomerics Credit Rating Nepal Limited:
IRN BB- (Double B Minus) for long-term bank facilities worth NPR 1,400 million
IRN A4 for short-term bank facilities worth NPR 1,235 million
These ratings reflect a moderate degree of risk and are typical for infrastructure projects in the development phase.
Company Overview
Established in December 2015, Daramkhola Hydro Energy Limited is working on a 9.6 MW run-of-river hydropower project located in the Baglung district. The project has a catchment area of 247 km² and a design discharge of 10.30 m³/s. It is mainly promoted by local individuals, with Mr. Nar Bahadur Pun (Niraj) serving as the chairman.
