Taksar Pikhuwa Khola Hydropower Closing IPO to General Public from Today
May 11, 2026 | Investopaper
After the first phase, Taksar Pikhuwa Khola Hydropower Company Limited is currently selling the shares to the general public in the second phase of an initial public offering (IPO). The IPO to general public is open from Baisakh 23, 2083 BS.
The company is selling 25,15,455 shares at Rs. 100 per share to the general public.
Interested investors can apply for a minimum of 10 shares and a maximum of 50,000 shares.
The public offering will close on Baisakh 28, 2083 BS.
The company has allotted 1,51,533 shares to the mutual fund schemes and has reserved 60,613 shares to the employees of the company.
In total (including the first and second phase), the hydropower company will float 42,30,668 shares in the public offering. At a par value of Rs. 100, the public issue amounts to Rs. 42.30 crores.
First Phase: IPO To Locals & Foreign Employed Nepalis
In the first phase of the IPO, the company had issued the shares to the locals of the project affected areas and to the Nepalis in foreign employment from Falgun 27, 2082 BS.
The company had floated 12,00,000 shares to the locals of the project affected areas of the Bhojpur district. Due to full subscription, the IPO to locals of project affected areas was closed on Chaitra 11, 2082 BS.
Interested eligible locals could subscribe for a minimum of 10 shares and a maximum of 50,000 shares.
Similarly, the company had also issued 3,03,067 shares (10 percent of general public’s quota) to the foreign employed Nepalis from Falgun 27, 2082 BS. The IPO to foreign employed Nepalis was closed on Chaitra 1, 2082 BS. Interested foreign employed Nepalis could apply for a minimum of 10 shares and a maximum of 50,000 shares.
For this purpose, Securities Board Of Nepal (SEBON) has given the permission to the company on Falgun 1, 2082 BS. The company had submitted the application to the board on Ashwin 26, 2080 BS for the public issuance. Only after receiving the approval from the regulatory body, the company can float the shares to the public.
Prabhu Capital Limited is the issue and sales manager for the IPO. The agreement for public offering was inked by Mr. Narayan Ballav Pant, chairman of Taksar Pikhuwa Khola Hydropower and Mr. Dinesh Thakai, Managing Director of Prabhu Capital Limited.
After the IPO (if fully subscribed), the general public along with locals will possess 35.26 percent shares in the company while the promoters will hold the remaining 64.74 percent shares.
At current, Taksar Pikhuwa Khola Hydropower Company Limited is operating an 8 MW Taksar Pikhuwa Khola Hydropower Project in Bhojpur. The project started generating commercial electricity since Chaitra 2078 BS. The project was completed two and a half years after the start of the construction work.
The total cost of the project is Rs. 1.88 billion. Out of which, Citizens Bank (leader bank) and Machchhapuchhre Bank have invested 70 percent of the total cost.
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