Him Star Urja IPO: Applications Open Today

Him Star Urja Company has opened its Initial Public Offering (IPO) for the general public starting Tuesday, Ashadh 24, 2082. The company is offering 773,950 shares, each at a face value of Rs. 100, totaling Rs. 7.73 crore.

IPO Details:

• Application Period: From Ashadh 24 to Ashadh 27. If not fully subscribed, the deadline will be extended until Shrawan 6, 2082.
• Minimum Application: 10 shares
• Maximum Application: 10,000 shares
• Application Channels:
  • C-ASBA approved banks and financial institutions
  • Online via Meroshare portal

Earlier, the IPO was issued to project-affected locals and Nepali citizens working abroad.

Financial performance: EPS and net worth

As per the unaudited third-quarter report of FY 2080/81:

• Earnings Per Share (EPS): Rs. –0.21 (negative EPS indicates the company is not yet profitable)
• Net worth per share (book value): Rs. 99.18

This shows that while the company is not generating profits yet, it has nearly maintained its share value through assets and capital.

IPO Rating of Him Star Urja

ICRA Nepal has given the company a credit rating of [ICRANP] BB- (Double B Minus). This rating indicates moderate risk regarding the company’s ability to meet its financial obligations on time. The rating was issued on Chaitra 1, 2080 and is valid until Falgun 29, 2082.

This IPO provides an opportunity for investors looking to invest in Nepal’s growing hydropower sector. However, it’s important to consider the moderate credit risk as rated by ICRA Nepal before making an investment decision.