Shikhar Power Development Limited is set to launch its initial public offering (IPO) on Magh 6, 2082 (January 20, 2026). The IPO targets residents of the project-affected area and Nepali citizens working abroad. On Poush 16, 2082, the company received approval from the Nepal Securities Board (SEBON) to issue 32 lakh ordinary shares worth Rs. 32 crore, with a face value of Rs. 100 per share.
Out of the total issued capital, 10% (Rs. 9.8 crore / 9.8 lakh shares) has been allocated for residents of the project-affected area. This includes residents of Ward Nos. 1–10 of Bardi Gad Rural Municipality in Baglung (covering the former villages of Dagatunda, Sisakhani, Jaljala, Gwalichour, Shrimaghithe, Ransingh Kiteni, and Darling) and Ward No. 2 of Dhorpatan Municipality (covering former Burtibang Village Wards 2–5), which are affected by the company’s power transmission line.
From the remaining Rs. 22.2 crore (22.2 lakh shares), 10% (2.22 lakh shares) has been reserved for Nepali citizens working abroad. The company has stated that if shares allocated for the project-affected area or overseas Nepalese are not fully subscribed, the remaining shares will be offered to the general public. Residents and overseas applicants can apply for a minimum of 10 shares and a maximum of 10,000 shares each.
The IPO application window for project-affected area residents will remain open until Magh 20, 2082, while overseas Nepali citizens can apply from Magh 9 to Magh 20, 2082. Residents can submit applications through Global IME Bank (Naxal, Burtibang, Baglung Bazaar branches), Prabhu Bank Gwalichour (Baglung), Garima Development Bank Burtibang, and Sain Resunga Development Bank Burtibang. Overseas applicants can apply through all SEBON-approved bank branches and financial institutions, as well as Mero Share online portal.
Global IME Capital has been appointed as the IPO issue and sales manager. After completing the first phase for project-affected residents and overseas Nepali citizens, the company plans to launch the second phase of the IPO for the general public.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
