Solu Hydropower Limited Closing IPO Shares to Project-Affected Locals of Solukhumbu From Today
Sun, Dec 7, 2025 9:19 AM on IPO/FPO News, Latest,
Solu Hydropower Limited is closing the issue of 1,00,00,000 units of Initial Public Offering (IPO) shares for project-affected locals of Solukhumbu District today, 21st Mangsir, 2082. The IPO had opened on 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, were allocated for Nepalese citizens working abroad.
For project-affected locals and Nepalese citizens working abroad, the minimum application quantity 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 later converted into a public company in July 2022, was initially majority-owned by Essel Infraprojects Ltd., India, before ownership shifted to Nepalese shareholders. The company is now promoted by major business groups, including Triveni, Vishal, Goyal, Rathi, Baidya, and Jain. 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%).
