Bikash Hydropower Company Limited has launched its Initial Public Offering (IPO) today, May 20, 2025, a Tuesday. The company is initially targeting project-affected local residents and Nepalis employed abroad with this first phase of the IPO.
The company is issuing 909,101 shares at a rate of Rs 100 per share, totaling Rs 90,910,100. This amount represents 9% of the company’s total issued capital of Rs 919,101,300.
Distribution Among Local Residents
Of the shares allocated for local residents, 363,640 shares are earmarked for highly affected areas. This specifically includes permanent residents of Wards 4 and 5 of Dharchi Rural Municipality in Gorkha District.
The remaining 545,461 shares are for residents of other affected areas within Gorkha District, covering Wards 1, 2, 3, 6, and 7 of Dharchi Rural Municipality.
Opportunities for Nepali Migrant Workers
In addition to local residents, the company has set aside 10% of the shares intended for the general public for Nepali migrant workers. This translates to 354,550 shares, valued at Rs 35,455,000. Both groups of investors—local residents and migrant workers—can apply for a minimum of 10 shares and a maximum of 10,000 shares.
Application Deadlines and Procedures
Local residents have until June 3, 2025, to apply. However, if the full quota is not subscribed by then, the deadline will be extended to June 19, 2025. Nepali migrant workers, on the other hand, must submit their applications by June 3, 2025.
Prabhu Capital Limited is serving as the sales manager for this IPO.
Local residents can submit their applications at:
- The project office
- Prabhu Capital, Kamaladi
- Himalayan Bank’s Dharchi branch
- Prabhu Bank’s Arupata branch office
Additionally, an online application facility developed by Prabhu Capital is available. Project-affected residents must pay a fee of Rs 2 for the application form.
Nepali migrant workers can apply through C-ASBA participating banks and financial institutions, as well as via My Share.
Company Rating
ICRA Nepal has assigned Bikash Hydropower Company a ‘ICRA NP Issuer Triple B Minus’ rating. This rating indicates an average risk regarding the company’s ability to meet its financial obligations.