Him Star Urja Company Pvt Ltd is set to issue its IPO from June 13. In the first phase, the company is issuing the IPO for Nepali workers employed abroad and locals affected by the project.

The company has allocated 186,500 shares worth Rs 18.65 million at a face value of Rs 100 per share specifically for the affected locals.

According to the company, the affected locals eligible to apply include residents of Khijidemba Rural Municipality, Ward No 8 (formerly Bhusinga VDC, all wards) of Okhaldhunga district, and Likhu Pike Rural Municipality, Ward No 2 (formerly Wards 1, 2, 3, 4, and 5 of Goli VDC) in Solukhumbu district.

The affected locals can apply for the shares until June 27. The issue will remain open until July 13 at the latest, according to the issue manager.

A total of 93,250 shares worth Rs 9.325 million have been allocated for Nepali workers employed abroad. Interested applicants in this category can apply for a minimum of 10 shares and a maximum of 10,000 shares. The IPO for migrant workers will open as early as June 13 and remain open until June 27 at the latest.

After the distribution of shares to locals and migrant workers, the company will proceed with the second phase, offering shares to the general public.

Him Star Urja has received approval from the Securities Board of Nepal (SEBON) to issue 1.119 shares worth Rs 111.9 million.

The company had applied to SEBON in Mangsir 2080 (Nov/Dec 2023) to issue 30 percent of its paid-up capital, and it received approval on May 23, 2025.

Him Star Urja has a power generation capacity of 5 megawatts. The issue and sales manager for the IPO is NIC Asia Capital. As of the third quarter of the current fiscal year, the company is operating at a loss of Rs 2.15 million. Its net worth per share is Rs 99.18, while its earnings per share (EPS) stand at negative Rs 0.21.