Solu Hydropower Limited Closing 10,00,000 Units IPO Shares to Foreign Nepalese Immigrants From Today
Wed, Nov 26, 2025 10:06 AM on IPO/FPO News, Highlight News,
Solu Hydropower Limited is closing the issue of its IPO for foreign Nepalese Immigrants today, the 10th Mangsir 2082. The issue opened on the 7th Mangsir, 2082.
The issued capital of the company is Rs. 10 Arba. Of this, 20%, i.e., 2,00,00,000 unit shares, will be issued to the public. Out of the total issue capital, 10%, which amounts to 1,00,00,000 unit shares worth Rs. 1 Arba, will be allocated to project-affected locals of Solukhumbu districts. The remaining 10% of the issued capital, i.e., 1,00,00,000 unit shares, will be offered to the general public at a later date.
Of this general public issue, 10%, a total of 10,00,000 unit shares, have been set aside for Nepalese citizens working abroad, and the issue for this category will close from today.
According to CDSC, 61,394 applicants have applied for a total of 21,77,070 units. Thus, the issue has already been oversubscribed by 2.17 times as of 5 PM yesterday.
For the project-affected locals and Nepalese citizens working abroad, the minimum application quantity to be applied is 10 units, while the maximum quantity is 1,00,000 units.
Nabil Investment Banking Limited has been appointed as the issue manager.
Infomerics Credit Rating Nepal Limited (Infomerics Nepal) has assigned an issuer rating of IRN BB (Is) [Double B (Issuer)]. Issuers with this rating are considered to have a moderate risk of default regarding the timely servicing of financial obligations.
Solu Hydropower Limited (SHL), originally incorporated as a private company in June 2010 and subsequently converted into a public company in July 2022, was initially majority-owned by Essel Infraprojects Ltd., an Indian company, before ownership was transferred to Nepalese shareholders. Major business groups, including Triveni, Vishal, Goyal, Rathi, Baidya, and Jain, now promote the company. SHL operates the 82 MW Lower Solu Hydroelectric Project (LSHEP) in Solukhumbu district, which has a 411 km² catchment area, a design discharge of 19.85 m³/s at 40% PoE, and a gross head of 493 meters. As of mid-February 2024, key shareholders include Govind Lal Sanghai (8.16%), Nitesh Agrawal (7.09%), and Ram Chandra Sanghai (4.93%).
