Kalinchowk Hydropower Closing IPO to Foreign Employed Nepalis from Today
March 1, 2026 | Investopaper
Kalinchowk Hydropower Limited is currently issuing the 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 Falgun 13, 2082 BS.
The company is floating 5,50,000 shares to the locals of the project affected areas of the Dolakha district. If fully subscribed, the IPO to locals of project affected areas will close on Falgun 27, 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 82,500 shares (10 percent of general public’s quota) to the foreign employed Nepalis from Falgun 13, 2082 BS. The IPO to foreign employed Nepalis will close on Falgun 17, 2082 BS. Interested foreign employed Nepalis can apply for a minimum of 10 shares and a maximum of 4,000 shares.
Securities Board of Nepal (SEBON) has already given the approval to the company for the public issuance. The company had submitted the application to the board on Magh 22, 2080 BS. 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 will float 13,75,000 shares in the public offering. At a par value of Rs. 100, the public issue amounts to Rs. 13.75 crores.
The company has appointed RBB Merchant Banking Limited as issue and sales manager for the IPO. The agreement for public offering has been inked between Kalinchowk Hydropower Limited and RBB Merchant Banking Limited on this regard.
About Kalinchowk Hydropower Limited
Kalinchowk Hydropower Limited, established on April 08, 2016 as private limited company, was converted into the public company on June 15, 2022. The company is currently constructing a 5 MW Sangu (Sorun) Khola Hydroelectric Project. The project is a run-of-river type project located at Dolakha District of Nepal.
The major promoters include:
—Ms. Indira Panta (13 percent share),
—Mr. Ram Chandra Upreti (11 percent share),
—Ms. Devika Dahal (5 percent share) and
—Ms. Bhawani Pokharel (5 percent share).
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