Taksar Pikhuwa Khola Hydropower Closing IPO to Locals from Today
March 25, 2026 | Investopaper
Taksar Pikhuwa Khola Hydropower Company Limited is currently issuing the shares to the public (IPO).
In the first phase of the IPO, the company is selling the shares to the locals of the project affected areas and to the Nepalis in foreign employment from Falgun 27, 2082 BS.
The company is floating 12,00,000 shares to the locals of the project affected areas of the Bhojpur district. If fully subscribed, the IPO to locals of project affected areas will close on Chaitra 11, 2082 BS.
Interested eligible locals can subscribe for a minimum of 10 shares and a maximum of 50,000 shares.
The company is also issuing 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 will close on Chaitra 1, 2082 BS. Interested foreign employed Nepalis can 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.
In the first phase, the company will sell the shares to the locals of the project affected areas and foreign employed Nepalis. Likewise, in the second phase, the hydropower will float shares to the general public, including the employees of the company and the mutual fund schemes.
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.
The company has appointed Prabhu Capital Limited as issue and sales manager. 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. 1.72 billion. Out of which, Citizens Bank (leader bank) and Machchhapuchhre Bank have invested 70 percent of the total cost.
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