6th June 2025, Kathmandu
North Summit Hydro Limited is preparing to launch its Initial Public Offering (IPO). To handle the IPO process, the company has signed an agreement with Machhapuchchhre Capital Limited. The agreement includes both institutional advisory and issue management services.
North Summit Hydro IPO Nepal
The signing ceremony took place on Jestha 23, 2081 (June 6, 2024). Balendra Kshetri, Managing Director of North Summit Hydro, and Upendra Malakar, CEO of Machhapuchchhre Capital, signed the document on behalf of their respective organizations.
3.84 Million Shares To Be Issued
North Summit Hydro plans to issue 3,840,000 ordinary shares. Each share will have a face value of NPR 100. The total value of the offering will reach NPR 384 million.
This IPO will represent 30% of the company’s issued capital. North Summit aims to raise public funds to support the completion and operation of its ongoing hydropower project.
Hydropower Project In Lamjung
North Summit Hydro is currently building the Nyadi-Fidi Hydropower Project. The project is located in the Marsyangdi Rural Municipality of Lamjung District. It will generate 21.4 megawatts (MW) of electricity once completed.
The project uses the water flow from the Nyadi and Fidi Rivers. These rivers run through the hills of central Nepal and hold significant hydroelectric potential. By utilizing these natural resources, the company aims to contribute to Nepal’s growing energy needs.
Partnership Strengthens IPO Delivery
North Summit chose Machhapuchchhre Capital for its experience in capital markets. The company will provide technical advice, documentation, and distribution support during the IPO. It will also manage investor applications and the final allotment process.
Machhapuchchhre Capital has a proven record in handling large-scale public offerings. Its expertise is expected to make the IPO process efficient and investor-friendly.
About Machhapuchchhre Capital
Machhapuchchhre Capital Limited is a licensed merchant banker under the Securities Board of Nepal (SEBON). It operates as a subsidiary of Machhapuchchhre Bank Limited.
The company offers a wide range of financial services. These include:
Securities issuance and underwriting
Investment and fund management
Share registrar services
Depository services
Advisory for institutional investors
Machhapuchchhre Capital has worked with multiple companies in Nepal’s energy, finance, and infrastructure sectors. The new deal with North Summit Hydro adds another milestone to its growing portfolio.
IPO Expected To Attract Public Interest
The IPO from North Summit Hydro comes at a time when investor interest in hydropower is growing. Hydropower projects are seen as stable, long-term investments in Nepal. They also support the country’s vision of becoming energy self-sufficient.
By offering shares to the public, North Summit Hydro aims to increase transparency and public involvement. Investors will not only gain ownership but also contribute to clean energy development.
Public Will Receive More Information Soon
The company will soon release more details on the IPO schedule. This includes:
Application opening and closing dates
Eligibility criteria
How to apply through MeroShare and other platforms
The announcement will be made through authorized media channels and official notices.
Conclusion
North Summit Hydro’s decision to issue an IPO marks a major step forward for the company. It signals confidence in the hydropower sector and public investment. Partnering with Machhapuchchhre Capital ensures the process will be handled with professionalism and efficiency.
With the successful completion of the IPO, North Summit Hydro aims to finish the Nyadi-Fidi project on time. Once operational, the project will boost Nepal’s energy supply and support national development goals.
For more: North Summit Hydro IPO Nepal