Daram Khola Hydropower\
Dara Khola Hydro Energy Limited’s IPO for Nepalis working abroad has been oversubscribed by 3.73 times, with over 54,000 applicants requesting shares worth NPR 109 million.
Daram Khola Hydropower Energy Limited’s IPO offering exclusively for Nepali citizens working abroad has generated a strong market buzz, recording a notable oversubscription within just a few days of opening.
By 5:06 PM on Asar 15 (June 29), the offering had already attracted over 54,500 applications, with investors collectively requesting 1,090,220 shares, amounting to approximately NPR 109 million in value. This marks a 3.73 times oversubscription compared to the 291,150 shares initially made available in this phase.
The IPO, which opened on Asar 9, allows foreign-employed Nepalis to apply for a minimum of 10 units and up to 50,000 units per individual. The application period will remain open until Asar 23, 2082.
Applicants can apply online through the MeroShare platform or via C-ASBA-approved banks and financial institutions. Laxmi Sunrise Capital Limited is the appointed issue manager, handling the IPO process.
This enthusiastic response reflects the growing interest of foreign-employed Nepalis in investing back home through hydropower one of Nepal’s most promising and sustainable sectors.