Beni Hydropower Project Limited Opens Initial Public Offering for General Public
7th September 2026, Kathmandu
Beni Hydropower Project Limited has officially opened its Initial Public Offering (IPO) to the general public, making 863,200 ordinary shares available for subscription.
Beni Hydropower Project IPO
IPO Structure and Allocation Framework
Offered Share Volume: The company is issuing 863,200 units of ordinary shares at a face value of 100 rupees per unit to the general public.
Origin of Shares: The offered volume represents the unsubscribed portion of the 1,040,000 unit shares originally set aside for project-affected locals in Solukhumbu, combined with remaining shares after allocations to foreign-employed Nepalese citizens, company employees, and mutual funds.
Investment Limits: Individual investors can submit applications for a minimum of 10 shares up to a maximum of 10,000 shares.
Issue Timeline: The subscription period opens on Bhadra 22, 2083 BS (September 7, 2026) and will close early on Bhadra 25, 2083 BS (September 10, 2026). If the offering remains undersubscribed, the submission deadline may be extended up to Ashoj 5, 2083 BS (September 21, 2026).
Issue Management and Application Process
Issue Manager: NMB Capital Limited has been designated as the official issue and sales manager for the public offering.
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Application Channels: Eligible investors can place applications through C-ASBA member banks and financial institutions or directly via the Mero Share online platform.
Project Specifications, Rating, and Financial Metrics
Project Capacity: Beni Hydropower Project Limited operates the 19.8 MW Upper Solukhola Hydropower Project located in Solukhumbu district.
Capital Utilization: Total proceeds raised from the public issue will be deployed directly toward the repayment of outstanding bank loans.
Credit Rating: ICRA Nepal assigned the company an issuer rating of BB+, indicating a moderate risk of default regarding the timely servicing of financial obligations.
Financial Reserve: Unaudited financial statements ending mid-January show retained earnings exceeding 103.4 million rupees, with a net worth per share of 91.27 rupees.
NEPSE Open Trading Range: Following the formal listing of shares on the Nepal Stock Exchange (NEPSE), the initial trading range for the stock will span from 91.27 rupees to 273.81 rupees per share.
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