Here you’ll find not only the Upcoming IPO in Nepal with Dates, but also the companies that are listed in pipeline but not yet approved by SEBON.
What is Upcoming IPO?
Upcoming IPO is the list of companies whose IPO will be coming to the market. This first list will show all the companies whose IPO is approved by SEBON. If the IPO dates are also decided, the IPO opening and closing date will also be listed.
IPO stands for Initial Public Offering. IPO is the process of listing the shares of a private company to the public in a new stock issuance for the first time. A company raises money from general public by doing an IPO. By issuing an IPO, a private company transitions to a public company. It can be an important time for private investors to take gains from their investment as it typically includes a share premium for existing private investors of the company. In Nepal, the share price of a company during an IPO is NRs 100, but it can also be NRs 120 for Premium shares.
Upcoming IPOs in Nepal with Dates
So below you can find list of all the companies approved for IPO by SEBON. IPO listing date, the 3rd column is the date starting which you can apply for the IPO. 4rd column is the last date/closing date for the IPO, you must apply for the IPO by the closing date. The shares noted below are available to general public, not including the shares issued to locals.
| Company Name | General Public Shares Available | SEBON IPO Approval Date | IPO Opening Date(For Public) | IPO Closing Date |
|---|---|---|---|---|
| Himalayan Hydropower Limited [HHL] | 19,68,250 | 2079/01/04 | 15th Ashad, 2079 (29 June, 2022) | 19th Ashad, 2079 (3 July, 2022) |
| Upper Solu Hydro Electric Company [USHEC] | 18,20,475 | 2079/01/07 | 20th Ashad, 2079 (4 July, 2022) | 23rd Ashad, 2079 (7 July, 2022) |
| Rapti Hydro and General Construction Limited [RHGCL] | 29,41,410 | 2079/02/10 | 29th Ashad, 2079 (13 July, 2022) | Shrawan 1, 2079 (15 July, 2022) |
| Swetganga Hydropower and Construction Ltd [SWET] | 39,82,500 | 2079/02/11 | 4th Shrawan 2079 (20 July 2022) | 8th Shrawan 2079 (24 July, 2022) |
| Sayapatri Hydropower Ltd [SPHL] | 6,00,000 | 2079/02/18 | 13th Shrawan 2079 (29 July 2022) | 17th Shrawan 2079 (August 2, 2022) |
| Mandakini Hydropower Ltd [MAHCL] | 11,76,073 | 2079/02/18 | 9th Shrawan 2079 (25 July 2022) | 12th Shrawan 2079 (28th July, 2022) |
| People’s Power Ltd [PEPL] | 24,37,400 | 2079/02/18 | Shrawan 31, 2079 BS (16th August 2022) | Bhadra 5, 2079 BS (21st August 2022) |
| Sikles Hydropower Limited [SLHL] | 2,000,000 | 2079/03/23 | Bhadra 29, 2079 BS (14th September 2022) | Asoj 6, 2079 (22rd September 2022) |
| Eastern Hydropower Ltd [EHL] | 1,240,000 | 2079/04/09 | Asoj 28, 2079 (14th October 2022) | Kartik 1, 2079 (18th October 2022) |
| Khaptad Laghubitta Bittiya Sanstha Ltd [KLBS] | 132,000 | 2079/04/10 | Bhadra 8, 2079 (24th August, 2022) | Bhadra 12, 2079 (28th August, 2022) |
| Srijanshil Laghubitta Bittiya Sanstha Ltd. [SHLB] | 393,750 | 2079/04/18 | Bhadra 15, 2079 (31st August, 2022) | Bhadra 19, 2079 (4th September, 2022) |
| Peoples Hydropower Company Ltd [PHCL] | 800,000,000 | 2079/05/21 | Kartik 29, 2079 (15th November, 2022) | Mangsir 3, 2079 (19th November, 2022) |
| Barahi Hydropower Public Ltd [BHPL] | 70,000,000 | 2079/06/23 | Mangsir 21, 2079 (7th December, 2022) | Mangsir 26, 2079 (12th December, 2022) |
| Kalinchowk Darsan Limited [KALINCHOWK] | 1,200,000 | 2079/07/23 | Mangsir 14, 2079 (30th November, 2022) | Mangsir 28, 2079 (14th December, 2022) |
| Asian Hydropower Ltd [ASIAN] | 1,180,000 | 2079/07/29 | 27th Magh, 2079(10th Feb, 2023) | 2nd Falgun, 2079(14th Feb, 2023) |
| Supermai Hydropower Ltd [SUPERMAI] | 1,000,000 | 2079/08/01 | 23rd Magh, 2079 (6th Feb, 2023) | 26rd Magh, 2079 (9th Feb, 2023) |
| Super Madi Hydropower Ltd. | 3,150,000 | 2079/08/01 | 9th Magh 2079(23rd Jan, 2023) | 12th Magh 2079(26th Jan, 2023) |
| Maya Khola Hydropower Co. Ltd | 3,400,000 | 2079/08/01 | 13th Magh 2079(27th Jan, 2023) | 17th Magh 2079(31st Jan, 2023) |
| Molung Hydropower Company Ltd | 3,531,000 | 2079/08/15 | 4th Falgun 2079(16th Feb, 2023) | 10th Falgun 2079(22nd Feb, 2023) |
| Makar Jitumaya Suri Hydropower Ltd | 2,280,000 | 2079/09/07 | NOT ANNOUNCED[Issuing to Locals and NRNs] | |
| BPW Laghubitta Bittiya Sanstha Ltd. | 9,700,000 | 2079/09/04 | NOT ANNOUNCED[Issuing to Locals and NRNs] | |
| Sanima Middle Tamor Hydropower Ltd. | 8,331,250 | 2079/09/07 | NOT ANNOUNCED[Issuing to Locals and NRNs] | |
| Sagarmatha Jalbidhyut Company Ltd. (For Local and General Public) | 548,800,000 | 2079/09/17 | NOT ANNOUNCED [Concluded for Locals] | |
| Dolti Power Company Ltd | 97,000 | 2079/10/16 | NOT ANNOUNCED | |
| Bhugol Energy Development Co. Ltd. | 1,632,160 | 2079/10/16 | NOT ANNOUNCED |
Upcoming IPO in Nepal Summary
This page is regularly updates with all the Upcoming IPOs in Nepal with dates, so you can bookmark this page by pressing CTRL+D [Control and D button together] and come back to later to check for the updates. Generally applying for IPOs is considered a safe bet and usually in a good market, applying for IPO is indeed a safe bet.
So above we’ve listed the companies that have upcoming IPO with Dates. You can apply for the upcoming IPO using Meroshare. You can also visit brokers or banks to fill out the online application for IPOs. Most of these companies have reserved shares for local public of project affected area. IPO for general public usually open after the local share distribution is complete. In the IPO list above, we’ve only included the shares that is available for general public.
Below we’ll see details of each company with their ICRA Ratings summary
Upcoming IPO of Himalayan Hydropower Limited [HHL]
The IPO of Himalayan Hydropower is coming opening on 15th Ashad, 2079 (29 June, 2022), and closing on 19th Ashad, 2079 (3 July, 2022).
The official website of Himalayan Hydropower Limited is https://hhpl.com.np/.
Himalayan Hydropower Limited ICRA Rating Summary
ICRA Nepal has assigned a [ICRANP] IPO Grade 4 to Himalayan Hydropower Limited’s (HHL) proposed initial public offering (IPO), indicating below-average fundamentals. HHL intends to launch an IPO of 2,250,000 equity shares with a face value of NPR 100 each, priced at par. The moderate return potential of the 11.88 MW Namarjun Madi project limits the grading. The project is also vulnerable to counterparty credit risks as a result of its relationship with the Nepal Electricity Authority (NEA).
You can find out more about the ICRA Rating of Upper Solu Hydro Electric Company here: HHL ICRA Rating.
Upcoming IPO of Upper Solu Hydro Electric Company [USHEC]
The IPO of Himalayan Hydropower is coming opening on 20th Ashad, 2079 (4 July, 2022), and closing on 23rd Ashad, 2079 (7 July, 2022).
The official website of Himalayan Hydropower Limited is https://ushec.com.np/
Upper Solu Hydro Electric Company ICRA Rating Summary
USHEC has been assigned a long-term rating of [ICRANP] LBB+ (pronounced ICRA NP L double B plus) by ICRA Nepal. The rating action affects the 23.5-MW Solu Hydroelectric Project’s commissioning (HEP). The rating is also supported by the fact that the project is one of the super-six projects1, a designation that entitles the company to a large penalty from NEA. ICRA Nepal also notes the central bank’s favorable policies toward hydropower sector financing, such as a lending floor for banks and financial institutions for hydropower sector loans, lenient terms for hydropower sector loan restructuring, and so on.
You can find out more about the ICRA Rating of Upper Solu Hydro Electric Company here: USHEC ICRA Rating.
Upcoming IPO of Rapti Hydro and General Construction Limited [RHGCL]
The IPO of Rapti Hydro and General Construction Limited for general public is not yet decided, however the IPO for locals of the effected area has concluded on 10th Ashad.
The official website of Rapti Hydro and General Construction Limited is https://raptihydro.com.np/
Rapti Hydro and General Construction Limited ICRA Rating Summary
Rapti Hydro & General Construction Limited has been assigned a long-term rating of [ICRANP] LB+ (pronounced ICRA NP L B plus) by ICRA Nepal. The ratings are constrained by the 5-MW Rukum Gad HPP’s relatively higher project cost (NPR 220 million per MW) and the inherent project execution risks. Any delays in project execution caused by geological surprises, floods, and landslides may result in a failure to meet the revised RCOD and an increase in project cost. Ratings also take into account the project’s high evacuation risk, as there are currently no evacuation structures in place. The ratings are also hampered by the NEA’s moderate financial profile and counterparty credit exposure (with recent improvements).
You can find out more about the ICRA Rating of Rapti Hydro and General Construction Limited here: RHGCL ICRA Rating
Upcoming IPO of Swetganga Hydropower and Construction Ltd [SWET]
The IPO of Swetganga Hydropower and Construction Ltd for general public is not yet decided, however the IPO for locals of the effected area has concluded on 6th Ashad.
The official website of Swetganga Hydropower and Construction Ltd is https://swetgangahydropower.com/
Swetganga Hydropower and Construction Ltd CARE Rating Summary
CARE Ratings Nepal Limited (CRNL) has reaffirmed the CARE-NP BB rating on Swet Ganga Hydropower &Construction Limited’s long-term bank facilities (SGHCL). The ratings are constrained by project implementation and stabilization risk, including power evacuation risk, as well as SGHCL’s regulatory exposure.
Upcoming IPO of Sayapatri Hydropower Ltd [SPHL]
The IPO of Sayapatri Hydropower Ltd [SPHL] for general public is not yet decided, however the IPO for locals of the effected area has started on Ashad 1st and will conclude on Ashad 16th.
The official website of Sayapatri Hydropower Ltd is http://sayapatrihydropower.com/
Sayapatri Hydropower Ltd [SPHL] CARE Rating Summary
Sayapatri Hydropower Limited has been assigned a CARE-NP B+ (Is) Issuer rating by CRNL Nepal Limited. SPHL is constrained by the project operating at a low Plant Load Factor (PLF) until mid-July 2020, as well as cash losses incurred during the period, resulting in stressed liquidity and a cash flow mismatch at year end FY20. The ratings, on the other hand, gain strength from the company’s significant improvement in its financial profile, capital structure, and debt service indicators.
Upcoming IPO of Mandakini Hydropower Ltd [MAHCL]
The IPO of Mandakini Hydropower Ltd [MAHCL] for general public is not yet decided, however the IPO for locals of the effected area has started on Ashad 1st and will conclude on Ashad 15th.
The official website of Mandakini Hydropower Ltd is http://www.mandakinihydro.com.np/
Mandakini Hydropower Ltd CARE Rating Summary
Mandakini Hydropower Limited has been assigned the Issuer rating of CARE-NP BB+ (Is) [Double B Plus (Issuer Rating)] by CARE Ratings Nepal Limited (CRNL) (MHL). In Nepal, issuers with this rating are considered to have a moderate degree of safety in terms of timely servicing of financial obligations.
Upcoming IPO of People’s Power Ltd [PEPL]
The IPO of People’s Power Ltd [PEPL] for general public is not yet decided, however the IPO for locals of the effected area has started on Ashad 8th and will conclude on Ashad 22nd. If unsubscribed, it can be extended to Shrawan 5, 2079.
The official website of People’s Power Ltd is https://peoplesenergy.com.np/.
People’s Power Ltd CARE Rating Summary
CARE Ratings Nepal Limited (CRNL) has reaffirmed Peoples Power Limited’s rating of ‘CARE-NP BB (Is)’ (PPL). In Nepal, issuers with this rating are considered to have a moderate risk of default in terms of timely servicing of financial obligations.
So, here we’ve seen a comprehensive details of upcoming IPO in Nepal with dates for the year 2022. This page is being updated regularly, so bookmark this page and stay updated with Upcoming IPO in Nepal.
If you don’t have Meroshare account, you can learn how you can do it here: Open Meroshare Account
Or If you don’t know how you can Apply for IPO using Meroshare, you can check out How To Apply for IPO using Meroshare