Great news for investors! Starting today, Kalinchowk Hydropower Limited has officially opened the issue and sale of its Initial Public Offering (IPO). This phase of the IPO is specifically dedicated to local residents of the project-affected areas and Nepalese citizens working abroad.
If you’re considering adding this hydropower stock to your portfolio, here is a complete breakdown of the allocation, project details, and application process.
Kalinchowk Hydropower IPO Key details
- Company: Kalinchowk Hydropower Limited
- Issue Manager: RBB Merchant Banking Limited
- Price per Share: Rs. 100
- Minimum Application: 10 Units
- Maximum Application: 10,000 Units
- Credit Rating: CareNP Double B (Indicates average risk in meeting financial obligations)
The company has received permission to issue a total of 1.37 million shares (25% of its issued capital). Here is how the current phase is divided:
1. Project-Affected Local Residents
- Allocated Shares: 550,000 units
- Eligible Areas: Dolakha District, specifically targeting Bigu Municipality (Ward No. 8) and Kalinchowk Rural Municipality (Ward No. 1 and 2).
2. Nepalese Employed Abroad
- Allocated Shares: 82,500 units (10% of the shares allocated to general investors)
- Eligibility: Must be a Nepali citizen currently working abroad with a valid labor approval from the relevant government body.
Important Dates to Remember
Don’t miss the deadlines! Make sure to submit your applications within the following timeframes:
| Applicant Category | Opening Date | Early Closing Date | Late Closing Date |
| Locals | Falgun 13 | Falgun 27 | Chaitra 13 |
| Foreign Workers | Falgun 13 | Falgun 17 | Falgun 27 |
Kalinchowk Hydropower Project Overview & Financials
Understanding the project behind the IPO is crucial for any investor. Here are the core details of Kalinchowk Hydropower’s project:
- Project Name: 5 MW Sangu (Sorun) Khola Hydropower Project
- Total Project Cost: Rs. 1.2 billion
- Cost Per Megawatt: Rs. 241.4 million
- License Duration: 29 years and 5 months
- Payback Period: 9.19 years (Normal) / 15.36 years (Discounted)
How to Apply Kalinchowk Hydropower IPO
For Local Residents:
You can submit your application via the sales manager (RBB Merchant Banking Limited) or visit the following physical locations:
- Kalinchowk Hydropower Office (Bigu Rural Municipality 8)
- Singati branch offices of Nepal Bank, Sindhu Bikas Bank, and Nepal Investment Bank.
Note: A nominal fee of Rs. 2 is required to obtain the physical share purchase application form.
For Nepalese Employed Abroad:
Applying from overseas is fully digital and highly convenient. You can apply through:
- The C-ASBA system via participating banks and their designated branches.
- Online using CDS & Clearing Limited’s Mero Share software/app.
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