November 22, 2025

Shiv Shankar Hydro to Issue IPO Worth NPR 250 Million

Mina Aryal Banking & Insurance, Latest, News 0

22nd November 2025, Kathmandu

Shiv Shankar Hydro Investment Limited is preparing to tap into the capital market by issuing an Initial Public Offering (IPO) to the general public.

Shiv Shankar IPO Issue

This move follows the company’s strategic decision to list its shares and allow public participation in its investment portfolio, which is heavily concentrated in Nepal’s crucial hydropower sector.

IPO Proposal and Financial Structure

The company has detailed the key financial specifics of its planned public offering, which is currently in the regulatory pipeline.

Issue Size: Shiv Shankar Hydro Investment Limited plans to issue a total of 2.5 million units of shares to the public.

Issue Amount: Based on a face value of NPR 100 per share, the total value of the IPO is NPR 250 million. Note that recent filings with the Securities Board of Nepal (SEBON) indicate that the final offered amount may be 2.1 million units worth NPR 210 million, suggesting a refinement of the original proposal is already underway.

General Meeting for Approval: The company has called a general meeting on December 5, 2025 (Mangsir 19, 2082), to formally approve the IPO issuance proposal. This meeting is a mandatory step to secure shareholder consent before proceeding with the final stages of regulatory approval.

Issue Manager Appointment: To manage the complex process of issuance and sale, Lakshmi Sunrise Capital Limited has been officially appointed as the issue and sales manager for the IPO.

Corporate History and Investment Focus

Shiv Shankar Hydro Investment Limited is the result of a strategic consolidation within the investment sector, giving it a combined strength and a focused investment vision.

Merger Background: The company was established through the merger of two entities: Shiv Shankar Investment and Jai Ganesh Investment. This merger created a unified investment vehicle with greater capital capacity and a diversified portfolio base.

Investment Portfolio: The company focuses its investment activities mainly in hydropower, infrastructure, and other productive sectors of the Nepalese economy. This strategic focus aligns with the nation’s priority sectors for economic development and infrastructure build-out.

Hydropower Holdings: The company has made significant investments in several operational hydropower projects, providing it with a stable foundation of returns. These include stakes in major projects such as:

Sanigad Hydro Limited (38.46 MW)
Kalanga Hydro Limited (15.33 MW)
Bungad Hydro Limited (10.7 MW)
Vision Energy & Power Limited (57.5 MW)

This portfolio composition is viewed as a strength, providing exit opportunities post-lock-in expiry and positioning the company to benefit from the growing energy market in Nepal.

Regulatory Status and Financial Health

The company’s journey toward the public offering is proceeding through the necessary regulatory channels and is supported by a stable financial profile.

SEBON Pipeline: The company’s IPO application is currently in the SEBON pipeline, indicating that the application has been filed and is undergoing review by the regulatory body. Recent SEBON updates confirm that the application, showing an issue size of 2.1 million shares, was filed in Baisakh 2082, with subsequent updates provided to the board.

Credit Rating: Care Ratings Nepal Limited (CRNL) has assigned the issuer rating of ‘CARE-NP BB (Is)’ to Shiv Shankar Hydro Investment Limited. This rating signifies a moderate risk of default regarding the timely servicing of financial obligations in Nepal.

Debt Position: The company has maintained a strong financial position, with its operations being debt-free as of the latest reporting in mid-July 2024. This debt-free structure enhances its appeal to potential investors by reducing financial risk.

Upon successful completion of the IPO, the company’s paid-up capital is projected to reach approximately NPR 1.05 billion, substantially increasing its financial capacity to undertake new, large-scale investment opportunities within its core sectors.

For More: Shiv Shankar IPO Issue