Kalanga Hydro Limited has announced the issuance of its Initial Public Offering (IPO) specifically targeted at project-affected residents and inhabitants of neighboring districts in the Far Western Province. The subscription period is set to run from Chaitra 10 to Chaitra 24, 2082.
The company is offering a total of 1,400,000 shares. This issuance aims to provide locals with an opportunity to gain equity in the hydropower project situated within their region.
Kalanga Hydro Allocation Details and Affected Areas
The share issuance is categorized into two primary groups:
1. Highly Project-Affected Areas:
Residents of the following specific wards are eligible to apply under the priority category:
- Bajhang District: * Kedarsyu VDC: Ward No. 04 & 05 (including former Banjh VDC, Ward No. 03).
- Bithadchir VDC: Ward No. 06 & 08 (including former Sunkunda VDC, Ward No. 03 & 05).
- Bungal Municipality: Ward No. 03, 04, 05, 06, & 08 (including former Khiratadi VDC, Ward No. 09).
- Baitadi District: Dilasaini VDC, Ward Nos. 01 & 02.
- Darchula District: Sailyashikhar Municipality, Ward No. 01.
2. Non-Affected Areas within Project Districts:
Residents living in all other wards of the following districts and municipalities are also eligible to participate:
- Bajhang District (all remaining wards in Kedarsyu, Bithadchir, and Bungal).
- Baitadi District.
- Darchula District.
Investment Timeline for Kalanga Hydro
Potential investors from these regions are encouraged to submit their applications within the designated window.
| Event | Date (Nepali Calendar) |
| IPO Opening Date | Chaitra 10, 2082 |
| IPO Closing Date | Chaitra 24, 2082 |
This local issuance is a mandatory step before the company proceeds with a general public IPO. By prioritizing residents of Bajhang, Baitadi, and Darchula, Kalanga Hydro aims to foster local ownership and support for the project’s long-term operations.
Interested applicants can apply through designated collection centers or via the C-ASBA system through their respective banks and financial institutions.
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