IPO Allotment of Shikhar Power Development Concluded [IPO Result !!]
March 17, 2026 | Investopaper
IPO Allotment Of Shikhar Power Development Limited
Global IME Capital Limited, the issue manager for the initial public offering (IPO) of Shikhar Power Development Limited, has concluded the IPO allotment process on Tuesday.
After the allotment, 1,84,260 applicants have received 10 shares each through lottery.
A total of 25,80,470 valid applicants had subscribed for the shares. With the allotment, more than 23.96 lakh applicants were left empty-handed.
To view the IPO result of Shikhar Power Development Limited, click the link below:
IPO Result Of Shikhar Power Development Limited
Second Phase: IPO To General Public
After the first phase, Shikhar Power Development Limited had issued the shares to the general public in the second phase of an initial public offering (IPO). The IPO to general public was open from Falgun 17, 2082 BS.
The company had sold 18,42,600 shares at Rs. 100 per share to the general public.
Interested investors could apply for a minimum of 10 shares and a maximum of 100,000 shares.
The public offering was closed on Falgun 26, 2082 BS.
The company has allotted 1,11,000 shares to the mutual fund schemes and has reserved 44,400 shares to the employees of the company.
In total (including the first and second phase), the company floated 32,00,000 shares in the public offering. At a par value of Rs. 100, the public issue amounts to Rs. 32 crores.
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 Magh 6, 2082 BS.
The company had floated 9,80,000 shares to the locals of the project affected areas of the Baglung district. Due to full subscription, the IPO to locals of project affected areas was closed on Magh 21, 2082 BS.
Interested eligible locals could subscribe for a minimum of 10 shares and a maximum of 10,000 shares.
Earlier, the company had issued 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 was closed on Magh 9, 2082 BS. Interested foreign employed Nepalis could 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.
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.
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