Nepal’s IPO Pipeline Expands: Electro Power and NC Agro Tech File for Approval

IPO Pipeline Nepal

21st November 2025, Kathmandu

The Initial Public Offering (IPO) pipeline in Nepal’s capital market is witnessing a significant surge.

IPO Pipeline Nepal

With two more companies formally applying to the Securities Board of Nepal (SEBON) for approval. Electro Power Company and NC Agro Tech Industries have recently submitted their applications, seeking permission to issue shares to the general public.

This move signals continued robust investor interest and a vibrant primary market. Nepal IPO Market investors actively look forward to new offerings.

Key Details of the Upcoming IPOs

Electro Power Company Limited is moving forward with plans to issue a substantial IPO. The company aims to raise a total of Rs 81.25 crore through the public offering.

• Issue Size: The proposed IPO will comprise a total of 8,125,000 units of ordinary shares.

• Par Value: Each share will carry a face value of $\text{Rs 100}$.

• Issue Manager: The company has appointed NIMB Ace Capital as the Issue and Sales Manager for the IPO.

Electro Power Company is a key player in the hydropower sector, reportedly developing the $44 \text{ MW}$ Bhotekoshi-1 Hydropower Project.

The successful issuance of this large IPO will significantly impact the company’s financial structure and overall market capitalization in the energy segment. Investors are keenly watching its progress.

NC Agro Tech Industries IPO

NC Agro Tech Industries Limited, an agro-based company, has also entered the SEBON pipeline, seeking permission for its public offering. The company is actively working to garner public investment to support its growth initiatives.

• Issue Size: The proposed offering amounts to $\text{Rs 18.75 crore}$.

• Shares Offered: This corresponds to the issuance of 1,875,000 units of ordinary shares.

• Par Value: The shares will also be issued at a face value of $\text{Rs 100}$.

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• Issue Manager: Global IME Capital is serving as the Issue and Sales Manager for NC Agro Tech’s IPO.

NC Agro Tech Industries, established in 2018, specializes in modern agricultural innovation, particularly in mushroom cultivation and related by-products. Its foray into the public market highlights the growing investor confidence in Nepal’s agricultural industrial sector.

The SEBON Approval Process

Companies must navigate a rigorous regulatory framework before floating an Initial Public Offering. SEBON, the capital market regulator, actively reviews all submitted documents, including the draft prospectus, audited financial statements, and the due diligence report prepared by the Issue Manager.

Steps Involved: The process involves the Issue Manager submitting the application to SEBON. The Board then undertakes an inquiry and evaluation phase.

Compliance: SEBON’s approval is contingent upon the company meeting all legal and regulatory requirements as specified in the Securities Registration and Issue Regulation.

Timeline: The entire approval process can take several months, depending on the complexity of the offering and the regulator’s queries. Investors must maintain patience during this phase.

Growing Investor Appetite for Primary Shares

The consistent entry of new applications into the Nepal IPO Market reflects a healthy and expanding investment culture. Primary shares often attract a high volume of applications, frequently resulting in massive oversubscription due to the low-risk and high-demand environment, especially when offered at par value.

The allotment process is typically conducted via a lottery system to ensure fairness. The addition of Electro Power and NC Agro Tech to the pipeline offers investors opportunities to diversify their portfolios across different sectors—specifically, the high-potential hydropower and the evolving agro-industry.

Active Participation in Nepal’s Capital Market

Both companies have actively completed the required preliminary steps, including the appointment of their respective Issue Managers, a crucial component of the IPO process.

Nabil Investment Banking Limited (NIMB Ace Capital) and Global IME Capital, both experienced entities, will manage the sale and distribution of these shares, ensuring a smooth public issue.

This wave of new IPO applications underscores the increasing maturity and depth of Nepal’s financial landscape.

Investors are actively encouraged to research the company’s fundamentals and the overall market outlook before applying for any public issue. The Nepal IPO Market continues to be a central focus for both institutional and individual investors.

For more: IPO Pipeline Nepal