Daram Khola Hydro Energy Limited will start opening the first phase of the Initial Public Offering from Sunday, Asar 9 (June 23, 2025). It was approved by Securities Board of Nepal (SEBON) on Jestha 20 for issuing 38.33% of the paid-up capital, i.e., Rs. 395 million worth of shares.
How Many Shares Are Being Issued?
The company will issue 3.95 million shares of face value Rs. 100 each. Following is the share distribution:
- 1,030,500 shares to local project-affected individuals
- 291,150 shares to Nepali workers employed abroad with valid work permits
Who is Eligible to Apply?
For Project-Affected Locals:
Permanent residents of the following locations are eligible to apply:
- Musikot Municipality, Gulmi
- Galkot Municipality, Baglung
- Badigad Rural Municipality, Baglung
For Migrant Workers
Nepali citizens already employed abroad are also eligible to make an application, provided they possess a Government of Nepal labor permit.
Application Duration and Terms
- Minimum application: 10 shares
- Maximum application: 50,000 shares
- Last date of application: Asar 23 (July 7, 2025)
- In the event of not receiving sufficient applications from locals, the last date of application will be extended to Shrawan 6 (July 21, 2025)
- No deadline extension for migrant workers
Where to get and submit the Application?
Locals can get forms from:
- Laxmi Sunrise Capital website and office at Baneshwor
- Daram Khola Hydro office at Thapathali or its official website
- Banks in the affected districts like:
- Global IME Bank, Wami Branch
- Laxmi Sunrise Bank, Galkot Branch
- Prabhu Bank, Galkot Branch
- Daram Khola Powerhouse
Migrant Workers can apply through:
- Any C-ASBA member banks and financial institutions registered with SEBON
- Mero Share platform
What’s Next?
After the IPO for locals and migrant workers has been distributed, the company will start the second phase IPO for public investors.
