Him Star Urja IPO Allotment Concludes: 77,397 Investors Allotted 10 Units Each via Lottery
Kathmandu, July 17, 2025 – The IPO allotment of Him Star Urja Company Limited has officially concluded today at the office of NIC Asia Capital Limited, located at Trade Tower, Thapathali, Kathmandu. The allotment was carried out through a lottery system due to overwhelming demand from investors.
IPO Allotment Details
Him Star Urja Company had floated 773,975 unit shares worth NPR 7.73 crores to the general public from Ashadh 24 to Ashadh 27, 2082. The IPO received massive interest, with 1,900,289 applicants applying for 21,295,730 units, resulting in an oversubscription of more than 27.51 times. Among them, 4,913 applications were deemed invalid.
According to the IPO allotment module:
- 77,397 lucky applicants were allotted 10 units each via lottery.
- 5 applicants received 1 unit each.
- The IPO result can be checked via the CDSC IPO Result website, MeroShare, or the NIC Asia Capital portal.
Share Allocation Breakdown
Out of the company’s total issued capital of NPR 37.30 crores, 30% (11,19,000 units) was allocated for public issuance:
- 5% (1,86,500 shares) reserved for locals from project-affected areas in Okhaldhunga and Solukhumbu.
- 10% (93,250 shares) allocated to Nepali citizens working abroad.
- 25% (7,73,975 shares) issued to the general public in Nepal.
Credit Rating & Project Progress
ICRA Nepal recently upgraded the issuer rating of Him Star Urja from B+ to BB-, signaling a moderate risk of default. The long-term rating improved from LB+ to LBB-, while the short-term loan rating remained at A4.
These ratings reflect the company’s creditworthiness but are not linked to any specific debt instrument.
About Him Star Urja Company Limited
Established in August 2010 as a private entity and converted into a public limited company in December 2017, Him Star Urja is developing the 5 MW Buku Kapati Khola Hydropower Project in the Okhaldhunga and Solukhumbu districts of Koshi Province.
- The project follows a run-of-river (RoR) design with a Q40 flow model.
- Initially budgeted at NPR 1,023 million with a 64:36 debt-to-equity ratio.
- As of mid-January 2025, about NPR 1,091 million has been spent, indicating 95% physical progress.
- The company’s paid-up capital stands at NPR 261 million.
- Major promoters include Mr. Dipak Tiwari (16.4%) and Ms. Shobha Upreti (7.2%), among others.
Allotment Module:
