IPO Issue of Beni Hydropower Project Limited Closing Today; Oversubscribed 25.76 Times So Far
Fri, Sep 11, 2026 7:21 AM on IPO/FPO News, Highlight News,
Beni Hydropower Project Limited is closing the issue of 8,63,200 units of IPO shares at a par value of Rs 100 from today, i.e., 26th Bhadra, 2083. The issue was opened for the general public on 22nd Bhadra, 2083.
The company's issued capital is Rs. 1.04 arba. Of this, 20%, i.e., 20,80,000 unit shares, were issued to the public. Of the total issue capital, 10%, i.e., 10,40,000 unit shares worth Rs. 10.40 crore, was allotted to project-affected locals of Solukhumbhu district. The remaining 10% of the issued capital, i.e., 10,40,000 unit shares, is for the general public. Of this general public issue, 10%, a total of 1,04,000 unit shares, were allotted to Nepalese citizens working abroad.
Of the general public issue, 2%, i.e., 20,800 units, have been set aside for the company's employees, and 5% of the total offered shares, i.e., 52,000 units, have been reserved for mutual funds. The remaining 8,63,200 units will be issued to the general public and closed from today.
NMB Capital Limited has been appointed as the issue manager for the public offering. Applications could be placed for a minimum of 10 units and a maximum of 10,000 units.
According to CDSC, 19,78,086 applicants have applied for 2,22,42,970 units. Thus, the issue has been oversubscribed 25.76 times.
ICRA Nepal has upgraded the issuer rating of Beni Hydropower Project Limited (BEPL/the company) to [ICRANP-IR] BB+ (pronounced ICRA NP Issuer Rating Double B Plus) from [ICRANP-IR] BB (pronounced ICRA NP Issuer Rating Double B). Issuers with this rating are considered to have a moderate risk of default regarding the timely servicing of financial obligations
Beni Hydropower Ltd is a hydropower development company founded in 2016. The company is developing the Upper Solu Khola Hydropower Project, a run-of-river type project with a licensed capacity of 18 MW. The project is located in Beni (Salleri), Solukhumbu District, Nepal. The project is currently under construction.
