New IPO-Himalayan Hydropower Limited(HHPL)-2079

Himalayan hydropower limited ipo

Himalayan Hydropower limited (HHPL) is going to issue 19,68,250 units of shares to the general public from the 15th of Asadh. The company has already issued 9,00,000 units of shares to the locals of ward no. 1,2,3,4,6,7 of Madi Tural municipality of Kaski district. The issue was opened from Baishak 25,2079 BS to Jestha 23 due to less subscribed as the previous close date was the 16th of Jestha.

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Himalayan Hydropower Limited COMPANY OVERVIEW

The Himalayan Hydropower company ltd was established as a private limited company on 22nd Mangsir 2061 BS and later converted into a public company as Himalayan Hydropower Limited (HHPL) on 2074 Baishak 28.

Company NameHimalayan Hydropower Company Limited
Issue Units19,68,250
Price per units100
General public (units)18,30,472
Mutual funds (units)98,413
Employees (units)39,365
Minimum (units)10
Maximum (units)100
Credit rating(ICRANP-IR) B+
Opening Date2079-03-15 (2022-06-29)
closing date2079-03-19 (2022-07-03)
estimated date2079-03-29 (2022-7-13
Issue ManagerGlobal Ime capital
2004, Dec 07Company Registered
2015, Aug 01project operation
2017, May 11converted to public limited
2020, Sep 28Commercial Operation


Project NameNamarjun Madi HPP:11.88 MW
Total Project Cost269 crores
Cost Per MW23 crores
Electricity Generation Started on28 Sep 2020
StrengthsGood operational performance, lower evacuation risk, low tariff, and offtake risks with the presence of long-term PPA at predetermined tariffs and escalations.
weaknessRelatively higher project development costs, exposures to late COD penalty amid delayed project development, High Hydrology risk due to lack of deemed generation clause in the PPA

Securities Board of Nepal (SEBON) has granted the permission to issue the IPO on the 4th of Baishak 2079 BS while the Company had submitted an application to the board on Kartik 27, 2076 BS. Global IME CAPITAL LIMITED is the issue manager for the IPO which means it will do all the process of allotment for locals and the general public.

At the moment, Himalayan Hydropower has a paid-up capital of Rs. 87 Crores and after the issue of the IPOS, the paid-up capital will be increased to Rs. 109.50 crores. If fully subscribed the local and general will possess 20.55 % and promoters will hold 79.45%.

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