Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: Beni Hydropower Project Limited is set to open its Initial Public Offering (IPO) for subscription starting March 14 (Chaitra 1), targeting project-affected locals and Nepalis working abroad in the first phase of issuance.
The company will issue shares worth Rs 208 million, representing 20 percent of its issued capital of Rs 1.04 billion, at a face value of Rs 100 per share. A total of 2,080,000 units of ordinary shares will be floated under this tranche.
Allocation Structure: Who Can Apply?
Out of the total IPO issuance:
10 percent of issued capital (1,040,000 shares) has been reserved for project-affected local residents of Solukhumbu district.
Within this local quota:
520,000 shares (50%) are allocated to highly affected residents of Ward Nos. 2, 3, and 4 of Solududhkunda Municipality.
312,000 shares (30%) are allocated to residents of Ward Nos. 5, 6, and 7 of the same municipality.
208,000 shares (20%) are allocated to residents of other areas of Solukhumbu.
Additionally, 104,000 shares (10% of the general public allocation) have been reserved for Nepalis working abroad who have obtained official labour approval.
Application Details
Investors can apply for a minimum of 10 shares and a maximum of 10,000 shares.
Project-affected locals can submit applications until March 29 (Chaitra 15).If the issue is not fully subscribed within this period, the deadline will extend to April 12 (Chaitra 30).
Nepali migrant workers can apply from March 14, with the deadline set between March 18 (Chaitra 5) at the earliest closing date and March 29 (Chaitra 15) at the latest.
Issue Management and Application Process
The IPO issuance and sales manager is NMB Capital Limited.
Eligible local applicants can submit applications through:
NMB Bank (Salleri branch)
Laxmi Sunrise Bank (Salleri branch)
Global IME Bank (Solukhumbu branch)
Prime Commercial Bank (Necha Salyan branch)
Nepalis working abroad can apply through C-ASBA member banks and financial institutions approved by Securities Board of Nepal, as well as via the online platform Mero Share.
Hydropower Investment Context
The IPO comes amid sustained investor interest in Nepal’s hydropower sector, which remains a key pillar of the country’s energy security and export potential strategy. By allocating shares to local communities and migrant workers, Beni Hydropower aligns with Nepal’s regulatory framework that promotes inclusive ownership and community participation in infrastructure development.
Further public issuance to the general public is expected in subsequent phases following the completion of this reserved-category offering.
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