Solu Hydropower will issue IPO from November 7th
-
Media Baaji
- Fri, 14 November 2025
Kathmandu. Solu Hydropower Limited is going to issue the first phase of IPO for the local residents affected by the project and the Nepalese who have gone for foreign employment from the coming 7th of November. The company has received permission from the Nepal Securities Board on November 24 to issue a total of 20 million IPO shares at a rate of Rs 100 per share. Out of which, in the first phase, 10 million shares are going to be issued to project affected people and 1 million shares to Nepalis who have gone for foreign employment.
Out of the 10 million units allotted to the project affected people, 4 million units have been allotted to the residents of Solu Dudhkunda Municipality Ward No. 7 and 11 of Solukhumbu and Thulung Dudhkoshi Rural Municipality Ward No. 10, and 600 million units have been allocated to the residents of Salu Dudhkunda Municipality and other wards of Thulung Dudhkoshi Rural Municipality apart from the affected area 9.
While applying for the first phase of IPO, it has been arranged that the application should be made for a minimum of 10 shares, while the application can be made for a maximum of 1 lakh shares. Nepalese who are employed abroad should apply by November 10th and those affected by the project by November 21st. However, if the application is not received as per the demand, the period of foreign employment may be extended till November 21st and project affected till January 7th.
Express
Related News
Richet Hydro to issue IPO to public, appoint RBB Merchant Banking as sales manager
Kathmandu. Upper Richet Hydropower Pvt Ltd has prepared to issue IPO for general public. The company has appointed RBB Merchant Banking Limited as the issue and sales manager. The agreement was signed by the executive chairman of the company, Anan...
Demand for electricity during Lakshmi Puja will reach 1,700 MW
Kathmandu. Nepal Electricity Authority has predicted that the production will be more than the maximum demand of electricity during this year's Tihar. According to the authority, it is estimated that the maximum demand for electricity will reach 1...
The price of gold increased, how much per tola on Thursday?
Kathmandu. The price of gold has increased in Nepali market today. Gold tola has gone up by 400 rupees. According to the Nepal Gold and Silver Traders Federation, gold is being bought and sold at Rs 2 lakh 85 thousand 200 per tola today.
On...
Reduced airfare
Kathmandu. With the decrease in the price of air fuel, the Civil Aviation Authority of Nepal has reduced the minimum fare for domestic air passengers. After Nepal Oil Corporation reduced the price of aviation fuel by 6 rupees per liter from Januar...
Today, while the price of gold remained stable, silver decreased, what is the price per tola?
Kathmandu. In the Nepalese market today, the price of gold has remained stable, while the price of silver has decreased slightly. According to the Federation of Nepal Gold and Silver Dealers, today the price of printed gold per tola has been set a...
There is no possibility of immediate major flood in Bhotekoshi, department request not to follow rumours
Kathmandu. Amidst fears that Himtal in Rasuwa and Nuwakot districts may explode and flood the Bhotekoshi River, the Department of Water and Meteorology has made it clear that there is no possibility of such a major flood immediately. Due to the sp...