Him Parbat Hydropower IPO Opens October 28, 2026: Shares Reserved for Project-Affected Locals and Nepalis Working Abroad

Him Parbat Hydropower IPO 2026: Him Parbat Hydropower Limited is preparing to issue ordinary shares to residents affected by its hydropower projects in Dolakha district and Nepali citizens working abroad with valid labor approval. The IPO is associated with the company's Sangu Khola hydropower projects, which have a combined installed capacity of 25.5 MW.

The public offering is an important development for investors following Nepal's primary share market. Eligible applicants should review the application dates, minimum and maximum application limits, credit rating, and project details before applying.

Him Parbat Hydropower IPO: Key Details

• Company: Him Parbat Hydropower Limited
• Sector: Hydropower
• Total issued capital: Rs. 1.69 billion
• IPO issue price: Rs. 100 per share
• Shares for project-affected locals: 1,690,000 units
• Shares for Nepalis working abroad: 422,500 units
• Minimum application: 10 shares
• Maximum application: 10,000 shares
• Issue manager: Citizens Capital Limited
• Credit rating: ICRA Nepal issuer rating of BB+
• Major project: Sangu Khola Hydropower Project, 20 MW
• Additional project: Sangu Khola-1 Hydropower Project, 5.5 MW

The IPO price is set at the face value of Rs. 100 per share. Investors should note that the offering is divided into separate categories, each with its own eligibility criteria and closing schedule.

1. IPO Shares for Project-Affected Residents

Him Parbat Hydropower has allocated 1,690,000 ordinary shares worth Rs. 169 million to residents affected by its hydropower projects.

The allocation is divided into two groups:

• Highly affected areas: 1,014,000 shares for permanent residents of Bigu Rural Municipality wards 5, 6, 7 and 8, and Kalinchowk Rural Municipality wards 2, 3 and 4 in Dolakha district.
• Other affected areas: 676,000 shares for permanent residents of the remaining wards of the two rural municipalities.

Eligible residents should confirm their ward, permanent residency documentation and application requirements before submitting an application.

The issue is scheduled to open on October 28, 2026. The early closing date is November 11, 2026, while the extended closing date is November 26, 2026, subject to the applicable issue notice.

2. IPO Shares for Nepalis Working Abroad

The company has reserved 422,500 ordinary shares worth Rs. 42.25 million for eligible Nepali citizens working abroad.

This allocation represents 10% of the shares set aside for the general public under the stated offering structure.

Applicants must have obtained labor approval from the relevant Government of Nepal authority and meet the applicable requirements for the foreign-employment IPO category.

Application details:

• Total shares: 422,500 units
• Issue price: Rs. 100 per share
• Minimum application: 10 shares, requiring Rs. 1,000
• Maximum application: 10,000 shares, requiring Rs. 1,000,000
• Opening date: October 28, 2026
• Early closing date: November 2, 2026
• Extended closing date: November 11, 2026, if applicable

Eligible applicants can apply through the C-ASBA system of participating banks and financial institutions or through MeroShare, subject to the applicable eligibility and account requirements.

3. How Much Investment Is Required?

At the face value of Rs. 100 per share, investors can calculate their application amount easily.

These figures exclude any applicable bank or application-related charges. The amount invested does not guarantee an allotment of the requested number of shares.

4. Him Parbat Hydropower's Credit Rating

ICRA Nepal has assigned Him Parbat Hydropower an issuer rating of ICRA NP Issuer Rating BB+ for the IPO.

The rating indicates a moderate level of risk regarding the company's ability to meet its financial obligations. It should not be interpreted as a guarantee of repayment, profitability or investment returns.

Before applying, investors should examine the company's financial statements, debt obligations, operating performance, project risks and future cash-flow prospects.

5. Sangu Khola Hydropower Projects

Him Parbat Hydropower operates two hydropower projects in Nepal.

Sangu Khola Hydropower Project — 20 MW

The project has a reported total construction cost of approximately Rs. 3.65 billion, with a cost of around Rs. 182.59 million per MW.

The reported simple payback period is 6.09 years, while the discounted payback period is 9.08 years. The project began electricity generation on October 11, 2025, according to the reported project information.

Sangu Khola-1 Hydropower Project — 5.5 MW

The second project has a reported total cost of approximately Rs. 1.15 billion, equivalent to around Rs. 209.17 million per MW.

Its reported simple payback period is 6.29 years, and its discounted payback period is 9.56 years. Electricity generation reportedly began on July 24, 2025.

Both projects have approximately 28 years remaining on their electricity generation licences, according to the reported project details.

6. Should Investors Apply for the Him Parbat Hydropower IPO?

An IPO should be evaluated on the basis of business fundamentals rather than public interest alone. Hydropower companies can benefit from long-term electricity sales, but their financial performance may be affected by debt, interest expenses, hydrology, maintenance costs, transmission constraints and regulatory changes.

Investors should consider the following factors:

• Project operations: Confirm actual electricity generation and operational performance.
• Debt and interest expenses: Assess whether operating cash flow can cover loan repayments and interest.
• Revenue and profitability: Review audited financial statements and available quarterly reports.
• Construction and maintenance risks: Consider the possibility of damage, delays and unexpected expenses.
• Valuation: Compare the issue price with the company's financial position and future earnings potential.
• Allotment uncertainty: Applying for shares does not guarantee allotment or a future profit.

Investors looking to improve their decision-making can explore share market training in Nepal to learn about IPO evaluation, fundamental analysis, risk management and stock-market investing.

7. How to Apply for the Him Parbat Hydropower IPO

Eligible applicants should follow these general steps:

1. Maintain an active bank account and a valid Demat account.
2. Ensure that the required MeroShare and C-ASBA facilities are available.
3. Confirm eligibility for the relevant IPO category.
4. Check the official issue notice for the correct opening and closing dates.
5. Enter the number of shares requested, within the permitted limits.
6. Verify the application details and submit the application.
7. Check the allotment results through the applicable official channels after the allotment process.

Project-affected residents may need to apply through designated collection locations and submit additional documents. They should follow the official instructions for their eligible area.

Conclusion

Him Parbat Hydropower's IPO provides an opportunity for eligible residents of affected areas and Nepalis working abroad to participate in the company's share offering at a face value of Rs. 100 per share. Its two reported hydropower projects have a combined capacity of 25.5 MW.

However, an IPO application should not be treated as a guaranteed investment gain. Investors should verify the official issue dates and eligibility requirements, review the company's financial condition and understand the risks associated with hydropower investments before making a decision.

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Disclaimer: This article is for educational and informational purposes only. It is not investment advice or a recommendation to apply for any IPO. Verify all offering details with the official prospectus and issue manager before investing.