Beni Hydropower IPO opens from Chaitra 1

27th February 2026, Kathmandu

The energy sector of Nepal is preparing for a significant influx of domestic capital as Beni Hydropower Project Limited officially announced the launch of its Initial Public Offering (IPO) starting from March 14, 2026 (Chaitra 1, 2082). Under the first phase of this public issuance, the company is prioritizing project affected local residents and Nepali citizens currently employed abroad. This strategic move follows the approval granted by the Securities Board of Nepal (SEBON) on February 11, 2026 (Magh 29, 2081), allowing the company to move forward with its plan to issue 20 percent of its total issued capital to the public. In the year 2082, as the demand for renewable energy continues to grow both domestically and for export to neighboring countries, the Beni Hydropower IPO represents a vital opportunity for grassroots level investment in the nation’s high potential water resources.

Beni Hydropower IPO opens

The capital structure of Beni Hydropower Project Limited is built upon a total issued capital of 1.04 billion rupees. The upcoming IPO aims to raise 208 million rupees through the issuance of 2,080,000 ordinary shares, each carrying a face value of 100 rupees. This 20 percent slice of the company equity is divided into two distinct categories for the initial phase. The first 10 percent of the total issued capital, amounting to 104 million rupees or 1,040,000 shares, is reserved exclusively for the permanent residents of the Solukhumbu district. This localized allocation is a cornerstone of Nepal’s hydropower development model, designed to ensure that the communities directly impacted by the construction and operation of the plant are also the primary beneficiaries of its financial success.

Within the local resident quota, the company has introduced a sensitivity based distribution model. Residents of wards 2, 3, and 4 of the Solududhkunda Municipality in Solukhumbu, which are classified as the highly affected areas, have been allocated 520,000 shares. This represents 50 percent of the total local quota. The remaining 520,000 shares will be available to residents living in other parts of the Solukhumbu district who are also considered affected by the project infrastructure. Eligible local applicants can bid for a minimum of 10 shares and a maximum of 10,000 shares. This wide range of application limits is intended to accommodate both small scale household investors and more affluent local individuals, fostering a broad base of community ownership that can mitigate local opposition and ensure long term project stability.

The second component of the Chaitra 1 issuance targets the significant population of Nepali citizens working in foreign countries. In a move to tap into the massive remittance flows entering the country, the Beni Hydropower IPO has set aside 104,000 shares, equivalent to 1 percent of the total issued capital, for this group. To apply under this category, the applicants must have a valid work permit and a dedicated C-ASBA linked bank account in Nepal. Like the local residents, these investors can apply for between 10 and 10,000 shares at the face value of 100 rupees per unit. By involving the diaspora, the company is not only diversifying its shareholder base but also providing a secure and productive investment channel for Nepalis who are seeking to build assets back home for their eventual return.

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The strategic importance of the Beni Hydropower IPO extends beyond mere fundraising. It reflects a maturing capital market where infrastructure projects are increasingly funded through public participation rather than solely through bank loans or private equity. For the Solukhumbu region, which already hosts several major power plants, the entry of Beni Hydropower into the public market provides a boost to the local economy. The funds raised through this IPO will be used to complete the remaining construction phases, manage debt obligations, and ensure the timely commissioning of the project. Investors often view hydropower shares in Nepal as a long term hedge against inflation, given the regulated nature of power purchase agreements with the Nepal Electricity Authority (NEA) and the growing regional energy market.

However, prospective investors are advised to conduct their own due diligence before applying. The prospectus of Beni Hydropower Project Limited, available at the office of the issue manager and on their official website, provides detailed information regarding the project’s technical specifications, expected date of commercial operation, and financial projections. Potential risks, such as geological challenges during construction, variations in river flow impacting electricity generation, and changes in the interest rates of project loans, should be carefully considered. In the year 2082, with more than a hundred hydropower companies listed on the Nepal Stock Exchange (NEPSE), choosing the right project requires an analysis of the management team’s track record and the project’s proximity to the national grid.

The successful execution of the Beni Hydropower IPO is expected to set a positive tone for other upcoming energy projects. The role of the issue manager is critical in ensuring a smooth and transparent allotment process, particularly for the project affected locals who may have limited experience with digital share applications. Banks and financial institutions in the Solukhumbu district have been instructed to facilitate the opening of Demat accounts and the processing of physical application forms for those who do not have access to online services. This effort toward financial inclusion is as important as the capital itself, as it brings thousands of new participants into the formal financial system of Nepal.

In conclusion, the opening of the Beni Hydropower IPO on Chaitra 1, 2082, marks a significant corporate and social milestone for the Solukhumbu district and the wider Nepali investment community. By offering 2.08 million shares to local residents and the foreign employed workforce, the company is reinforcing the values of inclusive development and financial transparency. As the application window opens, the high level of interest expected from the public will likely demonstrate the continued confidence in Nepal’s renewable energy sector. For the residents of Solududhkunda Municipality and the thousands of Nepalis working abroad, this is more than just a financial transaction; it is an opportunity to hold a stake in a project that will light up homes and drive the industrial growth of the nation for decades to come.

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