Only 5 Hydropower IPOs Approved Since Mid-July, 37 Companies Still Await Clearance

Since the beginning of the current fiscal year 2082/83 (mid-July 2025), only five hydropower companies in Nepal have received approval to issue Initial Public Offerings (IPOs). According to the Nepal Securities Board (SEBON), Solu Hydropower Limited, Bhujung Hydropower Limited, Ridge Line Energy Limited, Suryakunda Hydropower Electric Limited, and Super Khudi Hydropower Limited have been granted permission to float IPOs during this period.

Among the approved companies, Solu Hydropower will issue 200 million shares to the general public out of its total 1 billion shares, while the remaining shares are reserved for promoters. Bhujung Hydropower has received approval to issue 20 million public shares out of a total of 100 million shares. Similarly, Suryakunda Hydropower Electric will issue nearly 1.38 million shares to the public, while Super Khudi Hydropower has been approved to issue 31 million shares to general investors.

Meanwhile, as many as 37 hydropower companies are still awaiting IPO approval from SEBON. These include Richet Hydropower, Beni Hydropower Project, Yambaling Hydropower, Taksar Pikhuwakhola Hydropower, Kalinchok Hydropower, Him River Power, Lower Irkhuwa Hydropower, Apex Makalu Hydropower, Apollo Hydropower, Mount Everest Power Development, Nilgiri Khola Hydropower, Himal Parbat Hydropower, Numbur Himalaya Hydropower, United Mewa Khola Hydropower, Kabeli Hydropower, among others. Despite submitting applications, these companies have yet to receive regulatory clearance for IPO issuance.