Peoples Energy Limited Proposes Initial Public Offering (IPO) of 20 Percent of Issued Capital
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14th October 2026, Kathmandu
Peoples Energy Limited has advanced a formal proposal to issue up to 20 percent of its issued capital to the general public through an Initial Public Offering (IPO), submitting the plan for approval at its upcoming annual general meeting.
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Peoples Energy Proposes IPO
IPO Proposal, Capital Expansion, and Annual General Meeting Schedule
The hydropower developer finalized its capital restructuring and meeting agenda during a board of directors meeting.
- IPO Issuance Proposal: Plans to issue up to 20 percent of its total issued capital as ordinary shares to the general public.
- Board Meeting Date: The 10th AGM and capital proposal decisions were finalized during the board meeting held on Ashwin 27, 2083.
- Annual General Meeting Date: The 10th AGM is scheduled for Mangsir 18, 2083 (December 3, 2026), starting at 1:00 PM.
- Meeting Venue and Format: The meeting will convene at Anmol Banquet, Shankhamul, Kathmandu, with provisions for virtual participation.
- Special Resolutions: Discussion and approval of capital growth structures, utilization of IPO proceeds, and authorization for amendments to the Memorandum of Association and Articles of Association.
- General Financial Agendas: Approval of the annual report and audited financial statements for fiscal year 2082/83, appointment of external auditors for fiscal year 2083/84, and determination of auditor remuneration.
- Corporate Decisions: Formal endorsement of board decisions concerning business operations, investments, debt financing, and corporate guarantees.
For More: Peoples Energy Proposes IPO
