Beni Hydropower Issuing Closing IPO to Locals from Today
March 29, 2026 | Investopaper
Beni Hydropower Project Limited is currently issuing shares to the general 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 Chaitra 1, 2082 BS.
The company is floating 10,40,000 shares to the locals of the project affected areas of the Solukhumbu district. The IPO to locals of project affected areas will close on Chaitra 15, 2082 BS.
Interested eligible locals can subscribe for a minimum of 10 shares and a maximum of 10,000 shares.
The company is also issuing 1,04,000 shares (10 percent of general public’s quota) to the foreign employed Nepalis from Chaitra 1, 2082 BS. The IPO to foreign employed Nepalis will close on Chaitra 5, 2082 BS. Interested foreign employed Nepalis can apply for a minimum of 10 shares and a maximum of 10,000 shares.
For this purpose, Securities Board Of Nepal (SEBON) has given the permission to the company on Magh 29, 2082 BS.
The company had submitted the application to the board on Ashwin 5, 2080 BS. Only after the approval from the regulatory body SEBON, the company can sell shares to the public.
After the first phase, the hydropower will float shares to the general public, including the employees of the company and the mutual fund schemes, in the second phase of IPO.
In total (including the first phase and second phase), the company will sell 20,80,000 shares in the initial public offering (IPO). At a par value of Rs. 100, the public issue amounts to Rs. 20.80 crores.
The company has appointed NMB Capital Limited as the issue and sales manager for the IPO. An agreement has been reached between the company and NMB Capital on this regard.
After the IPO (if fully subscribed), the general public along with locals will possess 20 percent shares in the company while the promoters will hold the remaining 80 percent shares.
About Beni Hydropower Project Limited
Beni Hydropower Project Limited is currently developing Upper Solu Khola Hydropower Project in Solukhumbhu district. The project is a run-off-river (ROR) type project with an installed capacity of 18 MW.
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