Him Star Urja Company Limited is set to open its Initial Public Offering (IPO) to the general public from Asar 24, 2082. The company will issue 7,73,950 units of ordinary shares at a face value of Rs. 100 per share, amounting to a total public issue worth Rs. 7.73 crore.
Interested investors can apply for a minimum of 10 shares and up to a maximum of 10,000 shares. The deadline to apply is Asar 27, and if all shares are not subscribed within this period, the deadline will extend up to Saun 6.
Applications can be submitted through C-ASBA approved banks and financial institutions, or online via the Meroshare platform.
Earlier IPO issued to project-affected locals and migrant workers
Before this public issue, the company had already allocated IPO shares to project-affected locals of Okhaldhunga and Solukhumbu districts, as well as 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.
About Him Star Urja Company
Him Star Urja Company was established in August 2010 and later converted into a public limited company in December 2017. The company is developing the Buku Kapti Khola Hydropower Project, a 5 MW run-of-river project located in Okhaldhunga and Solukhumbu districts.
The total estimated cost of the project is around Rs. 1.02 billion, and as of the latest update, over 95% of the physical construction has been completed. The company is now approaching the revenue-generating phase once the project becomes fully operational.
