Beni Hydropower IPO Permission Granted, Share Sale Ready
13th February 2026, Kathmandu
Beni Hydropower Project Limited has reached a major milestone in its financial journey as the Securities Board of Nepal (SEBON) officially granted permission for its Initial Public Offering (IPO). On Magh 29, 2082 (February 12, 2026), the regulator approved the company’s proposal to raise capital from the public, a move that is expected to provide a significant boost to the hydropower sector’s liquidity and investor enthusiasm.
Beni Hydropower IPO Permission
The company is currently operating the Upper Solu Khola Hydropower Project, an 18 MW run-of-river facility located in the Solukhumbu district. With this approval, the company transitions into a public-facing entity, allowing retail investors to own a piece of Nepal’s renewable energy future.
Detailed Breakdown of the IPO Offering
Beni Hydropower has received authorization to issue shares worth Rs 20.80 crore. This issuance is structured to attract a wide range of investors, from local residents to the general public.
Total Shares to be Issued: 2,080,000 units
Par Value per Share: Rs 100
Total Issue Amount: Rs 208,000,000
Percentage of Issued Capital: The offering typically represents 20% of the company’s total issued capital, divided between project-affected locals (10%) and the general public (10%).
Unlike the initial figures mentioned in earlier news fragments, the official SEBON approval confirms the issuance of 20.80 lakh units (2.08 million shares), providing a much larger pool for the public than previously estimated.
Key Stakeholders and Issue Management
To ensure a transparent and professional rollout, Beni Hydropower has partnered with one of Nepal’s leading merchant banks.
Issue Manager: NMB Capital Limited has been appointed to handle the entire sales process, from data collection to the final allotment.
Digital Accessibility: In line with Nepal’s digital transformation in the capital markets, investors will be able to apply for these shares via the Mero Share portal and C-ASBA approved banks. Integration with digital wallets like eSewa and Khalti often simplifies the payment process for retail users.
Advertisement
Financial Health and Credit Rating
Before granting the IPO permission, SEBON and credit rating agencies conducted a thorough review of the company’s financial standing and project viability.
Updated Credit Rating: ICRA Nepal recently upgraded the issuer rating of Beni Hydropower Project Limited to [ICRANP-IR] BB+. This rating signifies a “moderate risk of default” regarding the timely servicing of financial obligations.
Rating Drivers: The upgrade reflects the project’s improving electricity generation trends and its successful recovery from previous disruptions, such as the landslide impacts observed in early FY 2082.
Profitability Window: As a run-of-river project in the high-altitude Solu region, the project benefits from strong hydrology during the monsoon, though it faces seasonal variations during the dry winter months.
Understanding the IPO Pipeline Context
The approval of Beni Hydropower is a significant victory for the Independent Power Producers’ Association of Nepal (IPPAN), which had been advocating for the release of long-pending IPOs. For much of 2081 and early 2082, the IPO pipeline was stalled due to regulatory changes regarding the minimum net worth of companies.
Beni Hydropower successfully met the requirement of having a net worth per share exceeding Rs 90, leading to its re-application and eventual approval. This sets a positive precedent for other hydropower companies currently in the SEBON pipeline, such as Solu Hydropower and Yambaling Hydropower.
Essential Information for Potential Investors
For those looking to apply for the Beni Hydropower IPO, here are the critical points to remember:
Minimum Application: The standard minimum is 10 units (Rs 1,000).
Maximum Application: While the upper limit is often set high, retail investors are encouraged to apply for the minimum 10 units due to the high likelihood of oversubscription and the lottery-based allotment system.
Verification: Ensure your Demat account is active and your CRN (C-ASBA Registration Number) is verified by your bank to avoid application rejection.
Conclusion
The Beni Hydropower IPO permission marks a successful turn for a project that has navigated both geological challenges and regulatory hurdles. With NMB Capital at the helm of the issuance and an improved credit rating of BB+, the company is well-positioned to attract a high volume of applications. As the energy sector remains a primary driver of the Nepal Stock Exchange, BNHC’s entry is expected to further diversify the options available to long-term value investors.
For More: Beni Hydropower IPO Permission
