Kalinchowk Hydropower IPO open details

25th February 2026, Kathmandu

The primary capital market in Nepal continues its momentum as Kalinchowk Hydropower Limited officially announced the opening of its Initial Public Offering (IPO) starting from February 25, 2026 (Falgun 13, 2082). This initial phase of the offering is strategically targeted toward project affected local residents of the Dolakha district and Nepali citizens who are currently employed abroad with valid labor permits. Following the regulatory framework established by the Securities Board of Nepal (SEBON), the company is issuing a total of 1.37 million shares at a par value of 100 rupees per unit. This issuance is part of a broader national policy to encourage local ownership in energy projects, ensuring that those most affected by the construction and operation of hydropower plants have a direct stake in the financial success of the enterprise.

Kalinchowk Hydropower IPO open

The allocation breakdown for this specific issuance has been carefully divided to meet the needs of different stakeholder groups. Out of the total 1.37 million shares, 550,000 units have been reserved exclusively for the residents of project affected areas. This include individuals living in Ward Number 8 of the Bigu Municipality and Ward Numbers 1 and 2 of the Kalinchowk Rural Municipality. By providing this dedicated quota, the company aims to foster community support and long term social harmony. Additionally, 82,500 units have been allocated for the foreign employment quota, allowing Nepalis working in international markets to invest their remittances back into the domestic energy sector. This dual approach not only raises necessary capital for the project but also promotes financial inclusion across different segments of the Nepali population.

Eligible investors must pay close attention to the application limits and the specific deadlines associated with each category. Under the Kalinchowk Hydropower IPO open guidelines, the minimum application amount is set at 10 shares, while the maximum limit is 10,000 shares. For the Nepalis working abroad, the subscription window is relatively short, with the earliest closing date being March 1 (Falgun 17, 2082). For the local residents of Dolakha, the window is significantly longer, closing at the earliest on March 11 (Falgun 27, 2082), with a potential extension until March 27 (Chaitra 13, 2082) if the issue is not fully subscribed. This staggered timeline provides local communities with ample opportunity to gather the necessary funds and complete the physical or digital application formalities.

The financial risk profile of the company has been evaluated by CARE Ratings Nepal, which assigned a CARE NP Double B Issuer Rating to the IPO. In the context of the Nepali capital market, this rating indicates an average degree of risk regarding the company ability to meet its financial obligations. It suggests that while the project has stable fundamentals and a clear path toward revenue generation, it remains subject to the inherent risks of the hydropower industry, such as geological challenges, hydrological variations, and potential construction delays. Investors are encouraged to review the company prospectus and consider this rating as part of their broader due diligence process before committing their capital.

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RBB Merchant Banking Limited has been appointed as the issue and sales manager for this IPO, ensuring that the distribution and allotment process follows the highest standards of transparency. To facilitate the application process for local residents who may have limited access to digital banking, the company has established multiple physical collection centers. Applications can be submitted at the Kalinchowk Hydropower office in Bigu Ward 8, as well as designated branches of Nepal Bank, Sindhu Development Bank, and the Singati branch of Nepal Investment Bank. For Nepalis working abroad, the application must be submitted through the C ASBA system, which links their bank accounts directly to the IPO processing center, ensuring a secure and efficient transaction.

The Kalinchowk Hydropower project represents a critical addition to Nepal energy infrastructure, contributing to the national goal of achieving energy self sufficiency. As the country continues to expand its power grid and export surplus energy to neighboring markets, hydropower companies are becoming increasingly attractive for long term investors. The proceeds from this IPO will likely be used to finalize the construction phases or to manage the debt equity ratio of the project. For the local residents of Dolakha, this investment is not just about financial returns but about participating in the industrialization of their home district. The success of this local issuance will pave the way for the final phase of the IPO, where the remaining shares will be offered to the general public across Nepal.

Furthermore, the participation of the migrant worker community through the foreign employment quota is a significant trend in the Nepali primary market. By allowing these individuals to invest in productive sectors like energy, the government is helping to ensure that the hard earned money of Nepalis abroad is used to build sustainable domestic assets. This not only provides a better return for the workers than traditional savings accounts but also reduces the country dependence on foreign debt for infrastructure projects. As the Kalinchowk Hydropower IPO open period progresses, the market will be looking for a strong subscription response as a barometer for the overall sentiment in the energy sector in 2082.

In conclusion, the opening of the Kalinchowk Hydropower IPO for locals and migrant workers marks a vital step in the company capital journey. With 1.37 million shares available and a clear regulatory framework, the offering is designed to be inclusive and transparent. By prioritizing the residents of Dolakha and the Nepali workforce abroad, Kalinchowk Hydropower Limited is building a foundation of community and national ownership. Eligible applicants are urged to verify their documentation, understand the risk ratings, and submit their applications within the specified deadlines to secure their stake in this significant energy project. As the hydropower sector remains a cornerstone of Nepal economic future, this IPO provides a tangible way for citizens to be part of the nation’s progress toward a greener and more prosperous era.

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