Taksar Pikhuwa Khola IPO opens Falgun 27
25th February 2026, Kathmandu
The primary capital market in Nepal is preparing for another significant entry as the Taksar Pikhuwa Khola IPO is officially scheduled to open on March 11, 2026 (Falgun 27, 2082). This hydropower project, situated in the eastern hills of Nepal, is moving forward with its capital mobilization strategy by offering shares to the most critical stakeholders in its ecosystem. Following the standardized regulatory pathway established by the Securities Board of Nepal (SEBON), the first phase of this public offering is reserved for project affected locals from the Bhojpur district and Nepali citizens who are contributing to the national economy while working abroad under valid labor permits. The issuance of these shares at a par value of 100 rupees per unit represents a vital step in democratizing energy ownership and ensuring that the benefits of natural resource utilization are shared with the communities residing near the project site.
Taksar Pikhuwa Khola IPO
The financial scale of the Taksar Pikhuwa Khola IPO is substantial, reflecting the capital intensive nature of hydropower development. The company has received authorization to issue a total of 4,230,668 shares, which is equivalent to 35.36 percent of its total issued capital. With a total issued capital of 1.20 billion rupees, the current public offering aims to raise 423,066,800 rupees. This capital infusion is essential for finalizing the construction components, meeting debt obligations, and ensuring the smooth operational transition of the power plant. For the local residents of Bhojpur, this is not just a financial transaction but a long term investment in the industrial growth of their district, allowing them to transform from passive observers of the project into active equity partners.
The allocation structure for this initial phase has been meticulously planned to meet regulatory requirements and social commitments. A total of 1.2 million shares, representing 10 percent of the issued capital, have been set aside exclusively for the residents of the Bhojpur district. This local quota is a mandatory provision in Nepal intended to mitigate the environmental and social impacts of hydropower projects by providing a direct financial return to the affected communities. Simultaneously, 303,067 shares have been reserved for the foreign employment quota. This specific allocation allows Nepalis working in international markets to channel their remittances into productive domestic assets, providing them with a secure investment vehicle that contributes to the energy self sufficiency of their homeland.
Investors participating in the Taksar Pikhuwa Khola IPO must adhere to the defined application limits and deadlines to ensure their submissions are valid. The minimum application size for both locals and migrant workers is 10 shares, making the entry point highly accessible at just 1,000 rupees. For larger investors, the maximum application limit has been set at 50,000 shares. The timeline for the foreign employment quota is relatively tight, with the earliest closing date set for March 15 (Chaitra 1, 2082). However, the residents of Bhojpur have a more extended window, with the earliest closing date on March 25 (Chaitra 11, 2082) and a potential extension until April 9 (Chaitra 26, 2082) if the subscription targets are not met during the initial period.
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To facilitate a smooth application process, the company has appointed Prabhu Capital Limited as the issue and sales manager. Recognizing the geographical challenges of the Bhojpur district, several physical collection points have been established to assist local residents who may face hurdles with digital banking. Applications can be submitted through the Bhojpur, Pyaule, and Hatuwagadhi branches of Prabhu Bank, as well as the Bhojpur branch of Citizens Bank. For the tech savvy migrant workers and locals with online access, the applications can be seamlessly processed through the Mero Share platform and C ASBA member banks. This hybrid approach ensures that the IPO remains inclusive, reaching both the rural mountain communities and the global Nepali diaspora.
From a strategic investment perspective, the Taksar Pikhuwa Khola project is part of a growing cluster of hydropower plants in the Koshi Province that are leveraging the region abundant water resources. As Nepal continues to sign long term power purchase agreements and expands its electricity export capacity to India and Bangladesh, the revenue outlook for such projects remains positive. However, potential investors are urged to conduct thorough due diligence, reviewing the project technical specifications, the experience of the promoters, and the current state of construction. While hydropower shares have historically shown strong performance in the Nepali secondary market, they are subject to risks such as geological surprises, transmission line delays, and seasonal water flow variations.
The formalization of the capital mobilization process through this IPO also highlights the increasing maturity of the Nepali corporate sector. By adhering to the transparency and disclosure standards required by SEBON and the Nepal Stock Exchange, Taksar Pikhuwa Khola Hydropower Limited is building a foundation of public trust. The inclusion of the foreign employment quota, in particular, has become a cornerstone of recent IPOs in Nepal, successfully bringing thousands of workers into the formal financial system. As these workers become shareholders, they develop a more profound connection with the national development narrative, ensuring that the wealth generated by the country natural resources is distributed among those who labor both at home and abroad.
In conclusion, the opening of the Taksar Pikhuwa Khola IPO on Falgun 27 is a landmark event for the Bhojpur district and the broader energy sector of Nepal in the year 2082. With 4,230,668 shares available and a clear focus on local and migrant worker participation, the offering is designed to be both inclusive and strategic. By providing a structured path for capital investment, the company is not only securing its financial future but also empowering a new generation of Nepali investors. Eligible residents of Bhojpur and workers abroad are encouraged to verify their documentation, understand the project risks, and submit their applications within the designated windows. As the Pikhuwa Khola begins its journey toward commercial operation, its shareholders will stand at the forefront of Nepal transformation into a green energy powerhouse.
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