Solu Hydropower Adds Additional Collection Centers for Ongoing IPO to Project-Affected Locals

25th November 2025, Kathmandu

Solu Hydropower Limited has announced a crucial expansion of its network of collection centers to facilitate the ongoing Initial Public Offering (IPO) issuance reserved specifically for the project-affected locals of the Solukhumbu district.

Solu Hydropower Collection Centers

This expansion is designed to ensure maximum convenience and participation from eligible local residents, who are prioritized under the regulatory requirements for hydropower projects in Nepal.

The company, established and operating under the Company Act 2063, is headquartered at Triveni Complex, Ward 28, Putalisadak, Kathmandu. The company can be reached via phone at 01-5342317, email at [email protected], and through its official website, soluhydro.com.

Detailed IPO Structure and Local Allocation
The IPO for locals is a fundamental component of the overall public issue, which accounts for 20 percent of the company’s total issued capital of Rs 1 billion.

Total Issued Shares: The company is issuing shares with a total value of Rs 200,000,000, which corresponds to 2,000,000 ordinary shares, each having a face value of Rs 100 per share.

Project-Affected Locals’ Quota: Out of the total public quota, a significant portion, amounting to 1,000,000 shares (Rs 100 million worth), is reserved exclusively for the project-affected locals of the Solukhumbu district.

Detailed Breakdown of Local Share Allocation

The reserved local shares are divided into specific categories based on the proximity and degree of impact from the hydropower project, ensuring a fair distribution among the most affected communities.

Most Affected Wards: The residents of the most affected wards are allocated the largest single share. This group comprises residents of Solu Dudhkunda Municipality Wards 7 and 11, and Thulung Dudhkoshi Ward 1. They are collectively entitled to 40 percent of the total reserved quota for locals, which translates to 400,000 shares.

Municipalities Except Above Wards: The residents of the remaining wards within the project-affected local government units, specifically Solu Dudhkunda Municipality and Thulung Dudhkoshi Rural Municipality, are allocated 35 percent of the local quota. This corresponds to 350,000 shares.

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Remaining Solukhumbu Residents: The remaining residents of the Solukhumbu district, outside of the direct municipality and rural municipality affected by the project, are entitled to the remaining 25 percent of the local quota, which equates to 250,000 shares.

This tiered structure is a standard regulatory mechanism to ensure that those who experience the most direct environmental and social changes from the project also receive the highest proportional financial benefit from its ownership.

Expansion of IPO Collection Centers

To ease the application process for local residents, Solu Hydropower has collaborated with multiple commercial banks to set up additional collection points. It is crucial to note that applications at these newly added centers will be accepted only via cheque, a standard procedure for IPO applications in remote areas where cash transactions are regulated.

The five newly added collection centers are:

• Laxmi Sunrise Bank: The Kinja, Thulung Dudhkoshi, Salleri Branch in Solukhumbu.
• Nabil Bank Limited: The Namche Bazaar Branch in Solukhumbu.
• Siddhartha Bank Limited: The Lukla Branch in Solukhumbu.
• Agricultural Development Bank: The Sotang Branch in Solukhumbu.
• Nabil Investment Banking Limited: The Naxal Branch in Kathmandu.

The inclusion of branches in key, often remote, locations such as Namche Bazaar and Lukla significantly reduces the travel burden on eligible locals, encouraging widespread participation in the issuance. The Nabil Investment Banking center in Kathmandu provides an alternative for locals who may be currently residing in the capital for employment or other reasons.

Issue Management and Application Details

The issuance process is overseen by two major investment banking firms.

Issue and Sales Managers: The IPO is being jointly managed by Nabil Investment Banking Ltd. (located at Central Plaza, Narayan Chaur, Naxal, Kathmandu) and Himalayan Capital Ltd. (located at Kamaladi, Kathmandu). These firms are responsible for ensuring compliance, managing applications, and overseeing the final allotment of shares.

Key Contacts: Detailed contact information for the issue managers has been provided for investor inquiries. Nabil Investment Banking Ltd. can be reached by phone at 4511604, 4511733, and email at [email protected]. Himalayan Capital Ltd. can be contacted by phone at 01-5970675 and email at [email protected].

The opportunity for project-affected locals to invest in the project is currently open. The minimum application is 10 units of shares, and the maximum is 100,000 units. This mechanism for local allocation stands as a crucial element in the financing structure of hydropower projects, providing local communities with a share in the national energy sector’s growth.

For More: Solu Hydropower Collection Centers