Bikash Hydropower Company IPO for the general public is coming soon, creating an exciting investment opportunity in Nepal’s growing hydropower sector. The company is developing the 4.55 MW Upper Machha Khola run-of-the-river project located in Dharche, Gorkha. A total of 4,454,596 shares worth NPR 445.46 million—representing 49% of the company’s authorized capital—have been approved for issuance by SEBON.
Out of the total shares, 909,101 units (worth Rs 90.91 million) are allocated to locals from project-affected wards. Additionally, 354,550 shares (Rs 35.45 million) are reserved for Nepali migrant workers abroad. Furthermore, 177,275 shares are set aside for mutual funds, and 70,910 for employees. The remaining 2,942,760 shares—worth Rs 294.28 million—will be issued to the general public in the upcoming phase. The IPO price is NPR 100 per share, with a minimum purchase of 10 units and a maximum of 10,000 units.
ICRA Nepal has rated the Bikash Hydropower Company IPO as “BBB–”, reflecting moderate credit safety. The company’s long-term rating was upgraded from LBB to LBBB– and the short-term rating from A4 to A3. The total project cost stands at NPR 1.118 billion, with a debt-to-equity ratio of 58:42. The plant is expected to generate around 31.16 GWh of electricity annually.
Once the general public phase opens, applications can be submitted through the Meroshare portal, C-ASBA member banks and financial institutions, Himalaya Bank’s Dharche branch, Prabhu Capital offices in Kamaladi and Dharche, and Prabhu Bank in Aarupat. The issue manager is Prabhu Capital Ltd.
This IPO is a unique chance to support local renewable energy while becoming part of Nepal’s growing hydro sector. With clear terms, strong backing, and diversified access for various groups, the Bikash Hydropower Company IPO is set to attract strong interest across Nepal.
To apply, users must log into Meroshare, select the IPO, fill out the required BOID and quantity (between 10 to 10,000 shares), and submit their application with sufficient balance in the linked ASBA account.
