Bikash Hydropower Company Closing IPO to General Public from Today
July 6, 2025 | Investopaper
After the first phase, Bikash Hydropower Company Limited is currently issuing the shares to the general public in the second phase of an initial public offering (IPO). The IPO to general public is open from Ashad 18, 2082 BS.
The company is selling 29,42,760 shares at Rs. 100 per share to the general public.
Interested investors can apply for a minimum of 10 shares and a maximum of 10,000 shares.
The public offering will close on Ashad 22, 2082 BS.
The company has allotted 1,77,275 shares to the mutual fund schemes and 70,910 shares to the employees of the company.
First Phase: IPO To Locals & Foreign Employed Nepalis
In the first phase of the IPO, the company had sold the shares to the locals of the project affected areas and to the Nepalis in foreign employment from Jestha 6, 2082 BS.
The hydropower company had floated 9,09,101 shares to the locals of the project affected areas of the Gorkha district. Due to full subscription, the IPO to locals will close on Jestha 20, 2082 BS.
Interested eligible locals of Ward 1, 2, 3, 4, 5, 6, and 7 of Dharche Rural Municipality of Gorkha district could subscribe for a minimum of 10 shares and a maximum of 10,000 shares.
Similarly, the company had issued 354,550 shares (10 percent of general public’s quota) to the foreign employed Nepalis from Jestha 6, 2082 BS. The IPO to foreign employed Nepalis will also close on Jestha 20, 2082 BS.
Interested foreign employed Nepalis could apply for a minimum of 10 shares and a maximum of 10,000 shares.
In total (including the first and second phase), the hydropower company will 44,54,596 unit shares to the general public. At a par value of Rs 100, the public issue amounts to Rs 44.54 crores.
For this purpose, Securities Board Of Nepal (SEBON) has given permission to the company on Baisakh 16, 2082 BS. The company had submitted the application to the board on Mangsir 19, 2080 BS seeking approval to issue the shares. Only after receiving the approval from the regulatory body, the company can float the shares to the public.
The company has appointed Prabhu Capital Limited as issue and sales manager for the IPO. The agreement for public offering has been inked between Bikash Hydropower Company Limited and Prabhu Capital Limited on this regard.
About Bikash Hydropower Company Limited
Bikash Hydropower Company Limited, established on Magh 26, 2073 BS as private limited company, was converted into the public company on Magh 14, 2078 BS.
The company is currently operating a 4.55 MW Upper Macchikhola Hydropower Project since Falgun 15, 2079 BS. The project is a run-of-river type project located at Dharche Municipality of Gandaki Province.
The hydropower company obtained the generation license of the project on Magh 7, 2076 BS from Department of Electricity Development (DOED). The project was completed 5 months before the RCOD and started commercial electricity production from Falgun 17, 2079 BS.
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