Shikhar Power Development Issuing First Phase of IPO from Today
January 20, 2026 | Investopaper
Shikhar Power Development Limited is currently issuing 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 Magh 6, 2082 BS.
The company is floating 9,80,000 shares to the locals of the project affected areas of the Baglung district. If fully subscribed, the IPO to locals of project affected areas will close on Magh 20, 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 2,22,000 shares (10 percent of general public’s quota) to the foreign employed Nepalis from Magh 6, 2082 BS. The IPO to foreign employed Nepalis will close on Magh 9, 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 permission to the company on Poush 16, 2082 BS.
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 the IPO.
In total (including the first and second phase), the company plans to issue 32,00,000 shares in the public offering. At a par value of Rs. 100, the public issue amounts to Rs. 32 crores.
Global IME Capital Limited is the issue and sales manager. The agreement for public offering was signed between the company and Global IME Capital Limited on this regard. Mr. Hemraj Acharya, Managing Director of Shikhar Power Development and Parasmani Dhakal, CEO of Global IME Capital inked the agreement.
After the IPO (if fully subscribed), the general public will possess 32.65 percent equity in the company while the promoters will hold the remaining 67.35 percent shares.
About Shikhar Power Development Limited
Shikhar Power Development was established on Bhadra 26, 2071 B.S. (September 11, 2015 A.D.) as a private limited company. Later it was converted into public company to issue shares to the public.
The company is currently operating a 4.96 MW Bhim Khola Small Hydropower Project in Baglung district. The project is a run of the river type project developed with a cost of Rs. 120 crores.
Recommended:
