Solu Hydropower IPO to issue from today
-
Media Baaji
- Sun, 23 November 2025
Kathmandu. Solu Hydropower Limited has issued an initial public issue IPO for the local residents of the project-affected areas and Nepali workers who are employed abroad from today on November 7th. The company was allowed to issue 20 percent of the issued capital of 10 billion rupees, i.e. 20 million shares worth 2 billion rupees. Out of which, 1 crore ordinary shares worth Rs 1 billion at Rs 100 per share have been issued targeting the local residents of the project affected areas.
For the IPO, it has been arranged that the application can be made for a minimum of 10 shares and a maximum of 1 lakh shares. The application period for the local residents of the project-affected areas will last until November 21st at the earliest and until January 7th at the latest. For Nepalese who are employed abroad, the earliest date for applying is 10th November and the latest is 21st November.
According to the company, based on the environmental impact assessment report on the project affected, 40 million shares will be distributed to the residents of Solu Dudhkunda Municipality-7 and 11 and Thulung Dudhkoshi Rural Municipality-1 and 60 million shares will be distributed to the local residents of other affected wards.
Related News
What is the foreign currency exchange rate on Wednesday?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to Rashtra Bank, the buying rate of one US dollar has been fixed at 140 rupees 93 paisa and the selling rate is 141 rupees 53 paisa. Similarly,...
The upcoming budget will focus on economic transformation: Finance Minister Dr Wagle
Kathmandu. Finance Minister Dr Swarnim Wagle has said that the budget to be presented on May 15 will focus on economic transformation. Finance Minister Wagle clarified the government's opinion on the current economic, political and contemporary is...
The corporation claims that 25 bullets are being imported more than the demand for cooking gas
Kathmandu. Nepal Oil Corporation Executive Director Chandika Prasad Bhatt clarified that there is no shortage of cooking gas in the market. He said that the rumor that there is going to be shortage of gas in recent times is baseless and asked the...
NEPSE decreased by 1.18 points in the pre-open session
Kathmandu. On the second trading day of the week, it fell by 1.18 points to 2648.34 points in the pre-open session. Shares worth Rs 68 lakh 42 thousand 964 have been traded in this session. During the session, 17...
Appointment of new leadership in the Federation of Transport Professionals, demand to stop uncontrolled foreign vehicles
Kathmandu. The newly elected Central Executive Committee of the National Federation of Nepal Transport Professionals has formally taken charge. A new working committee was installed in a special ceremony held in the capital. The chief guest of the...
NEPSE decreased by 10.53 points today, turnover of 4 billion 77 crores
Kathmandu. On the second trading day of the week, the NEPSE index decreased by 10.53 points and remained at the point of 2622.88. During the day, 1337 thousand 307 shares of 337 companies were bought and sold, and 4 billion 774 million shares were...