Himalayan Bullion IPO Managed by Jyoti Capital
18th January 2026, Kathmandu
Himalayan Bullion Company Limited, a leading player in Nepal’s silver trading sector, has officially announced its plans to launch an Initial Public Offering (IPO) for the general public. As of January 18, 2026 (Magh 4, 2082), the company has initiated formal procedures for the issuance of 12,50,000 ordinary shares. Priced at a par value of Rs 100 per share, the total public offering is valued at Rs 12.5 crore, representing a significant expansion for the specialized bullion house.
Himalayan Bullion IPO
Headquartered in Kathmandu Metropolitan City-1, Himalayan Bullion has established itself as a premier destination for 99.99% pure silver bars and coins. With a track record spanning over 25 years and more than $100 million in precious metals sold, the company is transitioning from a private entity to a public-facing institution. This move is designed to strengthen its capital base and bring greater transparency to the high-value bullion trade in Nepal.
Strategic Partnership with Jyoti Capital Limited
To manage the complex regulatory and sales processes, Himalayan Bullion has appointed Jyoti Capital Limited as the official Issue and Sales Manager. The agreement was signed in Kathmandu by Bishma Prasad Gautam, Chairman of Himalayan Bullion Company, and Bikash Dhakal, Chief Executive Officer of Jyoti Capital. Under this partnership, Jyoti Capital will handle all IPO-related operations, including coordinating with the Securities Board of Nepal (SEBON) and managing the technical aspects of share allocation.
Jyoti Capital’s role is crucial in ensuring that the offering complies with the Company Act 2063 and the Securities Act 2063. Their expertise in merchant banking will facilitate a smooth transition for Himalayan Bullion as it moves toward listing on the Nepal Stock Exchange (NEPSE).
Share Allocation and Reservation Categories
The 1.25 million shares to be issued in this IPO will be distributed among various stakeholder groups to ensure balanced ownership and participation. According to the current plan, the shares will be allocated as follows:
General Public: The largest portion is reserved for the general public, including the mandatory 10% quota for Nepali citizens working abroad under valid labor permits.
Collective Investment Funds: 5% of the total units are typically reserved for mutual funds to stabilize institutional participation.
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Company Employees: A dedicated percentage will be offered to the staff of Himalayan Bullion, aligning employee interests with the long-term growth of the company.
By including migrant workers and employees, the company ensures that its capital raising is socially inclusive and provides a broad range of individuals the opportunity to benefit from the silver market’s appreciation.
Investing in the Silver Sector: Market Outlook 2026
The launch of the Himalayan Bullion IPO comes at a time when silver prices in Nepal have reached historic peaks. In early January 2026, silver soared to a record high of over Rs 5,600 per tola, driven by surging industrial demand for solar panels, semiconductors, and electric vehicles. For local investors, silver has historically served as a robust hedge against inflation and the depreciation of the Nepalese Rupee against the US Dollar.
Himalayan Bullion is unique in the market because it operates with 0% commission and 0% making charges on its investment-grade silver bars. The company also provides a guaranteed buy-back at live market rates, which ensures liquidity for investors. By going public, Himalayan Bullion aims to leverage its reputation for transparency to attract a new generation of digital-first investors who are looking beyond traditional banking products.
Regulatory Compliance and Next Steps
The company has now formally applied to SEBON for approval. Once the regulator reviews the prospectus and financial disclosures, the final dates for the IPO opening will be announced. Following the public subscription period, the shares will be allotted through the C-ASBA system and listed on NEPSE, allowing investors to trade the shares in the secondary market.
This IPO represents one of the few opportunities for Nepali investors to gain direct equity exposure to the precious metals trading industry. As the bullion market continues to professionalize, Himalayan Bullion’s listing is expected to set a new benchmark for transparency and accountability in the sector.
Conclusion
The Himalayan Bullion IPO and its partnership with Jyoti Capital represent a landmark development for Nepal’s capital market in 2026. By offering 12.50 lakh shares to the public, the company is inviting investors to participate in the growth of a sector that bridges traditional wealth preservation with modern industrial demand. With professional management by Jyoti Capital and a 25-year legacy of trust, this IPO is poised to be a highly anticipated event for both individual and institutional participants.
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