Yambaling Hydropower Extends IPO Deadline for Locals Until Baisakh 7; 700,000 Shares Still Open

Kathmandu — Yambaling Hydropower Limited has extended the application deadline for its Initial Public Offering (IPO) issued to project-affected local residents. The shares will now remain open until Baisakh 7, 2083, after receiving lower-than-expected applications during the initial period.The company is issuing 700,000 ordinary shares, representing 10% of its issued capital, to residents of Jugel Rural Municipality (wards 1–7) in Sindhupalchowk district. The IPO is priced at a face value of Rs. 100 per share, with a minimum application of 10 shares and a maximum of 7,000 shares.According to the company, the issue period has been extended due to insufficient demand. However, if the shares are fully subscribed earlier, the IPO may close before the extended deadline.Yambaling Hydropower is developing a 7.27 MW hydropower project with an estimated total cost of around Rs. 1.87 billion. The cost per megawatt stands at approximately Rs. 257 million, and the project still has more than 25 years of generation license remaining.The issue manager is Muktinath Capital Limited. Eligible local residents can apply through designated collection centers and participating banks, with an option to apply via the C-ASBA system as well.