Kalanga Hydro Limited IPO has opened to the general public starting today, May 22, 2026. The company is carrying out the IPO following the completion of share allotment to those affected by the projects and Nepali expatriates.
The corporation had obtained permission to distribute 49 lakh shares worth Rs 49 crore, which constitute 35% of its issued capital of Rs 1.4 billion. From the total share distribution, 14 lakh shares have been set aside for local residents from the affected region, and 3.5 lakh shares have been allocated to Nepali nationals working abroad. Similarly, 1.95 lakh shares have been reserved for mutual funds, and 1.05 lakh shares have been distributed to company staff members.
The company has now decided to offer 28.70 lakh units of ordinary shares to the general public at a per value of Rs. 100 per share.
Applying for the shares can be done in a minimum of 10 units and a maximum of 2,000 units. The deadline for subscription will be before May 27 or no later than June 5.
The applications can be filed via any C-ASBA approved financial institutions, as well as MeroShare.
The Care Ratings Nepal has provided a CareNP Double B Issuer Rating to the organization, which means that there is a moderate risk associated with the fulfillment of its financial commitments.
The company runs the 15.33 MW Kalangagad Hydropower Plant, which entails the total project cost of Rs 4.33 billion. The hydropower plant was put into commercial operation from February 10, 2023.
Sanima Capital Ltd acts as the issue manager for the Kalanga Hydro Limited IPO.
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