Kathmandu: Shikhar Power Development Limited has begun issuing its Initial Public Offering (IPO) from today. The company is issuing the IPO for local residents of the project-affected area and for Nepalis working abroad.
The company had received approval to issue an IPO equivalent to 32.65 percent of its issued capital of NPR 980 million, amounting to NPR 320 million or 3.2 million shares. Out of this, 10 percent of the issued capital—equivalent to NPR 98 million—has been allocated for local residents of the project-affected area, with 980,000 shares issued at a face value of NPR 100 per share.
Applications for the purchase of these shares can be submitted by local residents of all wards (Ward Nos. 1 to 10) of Badigad Rural Municipality in Baglung District, as well as by local residents of Ward No. 2 of Dhorpatan Municipality in Baglung District who are affected by the project’s electricity transmission line.
Similarly, 10 percent of the shares allocated for general investors—equivalent to NPR 22.2 million—has been issued for Nepalis working abroad who have obtained labor approval from the relevant government authority. This includes 222,000 IPO shares with a face value of NPR 100 per share.
For the IPO, applications can be submitted for a minimum of 10 shares and a maximum of 10,000 shares. For local residents, the issuance period will remain open from as early as February 3, 2026, to as late as February 20, 2026. Nepalis working abroad must submit their applications by January 23, 2026. If sufficient applications are not received within the specified period, the issuance period will be extended until February 3, 2026.
The company’s share issue and sales manager is Global IME Capital Limited.
The company’s 4.96 MW Bhimkhola Small Hydropower Project has a total project cost of NPR 1,199,435,839. The cost per megawatt stands at NPR 241,821,741.70. The project has 29.08 years remaining on its generation license.
The simple payback period of the project is 8.92 years, while the discounted payback period is 13.64 years. Commercial operation of the project began on March 8, 2025.
Urjasanchar
