Garima Capital Signs Underwriting Agreement with Sabhapokhari Hydropower for NPR 107.5 Million IPO

16th October 2026, Kathmandu

Garima Capital Limited has officially entered into an underwriting agreement with Sabhapokhari Hydropower Limited to underwrite its upcoming Initial Public Offering (IPO) valued at NPR 107.5 million.

Garima Capital Signs Underwriting 

Underwriting Agreement Details, Issue Size, and Corporate Signing

The underwriting agreement was formally executed at Garima Capital’s central head office to guarantee the full subscription of Sabhapokhari Hydropower’s public share issue.

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• Formal Agreement Date: Sabhapokhari Hydropower Limited and Garima Capital Limited signed the underwriting agreement on Ashwin 28, 2083 (October 14, 2026).
• Total Underwriting Share Volume: Garima Capital will underwrite 1,075,000 units of ordinary shares issued by Sabhapokhari Hydropower.
• Total Valuation and Face Value: The ordinary shares carry a face value of NPR 100 per unit, bringing the total initial public offering valuation to NPR 107.5 million.
• Corporate Signatories: The Memorandum of Understanding was signed by Garima Capital Acting Chief Executive Officer (CEO) Ashok Subedi and Sabhapokhari Hydropower Managing Director Shreeram Devkota during a ceremony at Garima Capital’s head office in Kamalpokhari, Kathmandu.

Sabhapokhari Hydropower Project Overview and Operational Capacity

Sabhapokhari Hydropower Limited operates a run-of-the-river hydroelectric plant in Eastern Nepal, delivering energy directly into the national power grid.

• Project Identification: The company operates the Lankhuwa Khola Small Hydropower Project.
• Installed Generation Capacity: The Lankhuwa Khola Small Hydropower plant holds a total installed power generation capacity of 5 megawatts (MW).
• Geographic Location: The hydroelectric project is located in Sabhapokhari Rural Municipality-3, Sankhuwasabha district.
• Commercial Operation Date: Construction was completed in Magh 2081 (January/February 2025), and the plant has been actively feeding electricity into the integrated national power grid via a 33 kV transmission line through the Tumlingtar Substation.
• Regulatory Approval Status: The official notice notes that specific dates for public subscription opening remain subject to formal SEBON regulatory clearance.

Institutional Background of Garima Capital

Garima Capital Limited functions as a merchant banking subsidiary, providing comprehensive capital market services under the regulatory framework of SEBON.

• Parent Ownership Structure: Garima Capital Limited operates as a subsidiary of Garima Bikas Bank Limited, a prominent national-level development bank.
• Service Portfolio: The capital management firm delivers specialized financial services, including portfolio management services (PMS), Depository Participant (DP) facilities, issue management, underwriting, corporate advisory, and mutual fund management.

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