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
6 percent of Bagmati budget expenditure in three months
Kathmandu. In the first three months of the current fiscal year 2082-83, the Bagmati state government has spent only about 6.19 percent of the total budget. According to Suraj Paudel, information officer of the Ministr...
Stock market of the week: NEPSE increased on all five days of trading
Kathmandu. In the stock market this week, the NEPSE index, which measures stock trading, has risen for five consecutive days. From Sunday to Thursday, the overall market index increased by more than four decimal points...
Authority constructing new Butwal Lamhi transmission line
Kathmandu. The Nepal Electricity Authority is going to construct a new Butwal Lamahi power transmission line with a capacity of 400 KV. The total length of 161 km transmission line is intended to transmit the electricity of eastern Nepal to the we...
The price of gold and silver increased, now how much per tola?
Kathmandu. Today on March 3, the price of gold and silver has increased in the Nepalese market. Gold has increased by Rs 400 per tola while silver has increased by Rs 70 per tola.
The Nepal Gold and Silver Traders Federation has informed tha...
The request of the department to inform about the illegal trading of gas
Kathmandu. The Department of Commerce, Supply and Consumer Protection has requested all of you to call 1137 toll-free if you have any information or information regarding the illegal trading of LP gas for cooking due to the shortage in the interna...
Increase in the price of petroleum products
Kathmandu. The price of petroleum products has decreased. According to Nepal Oil Corporation, Indian Oil Corporation has reduced the price of diesel and kerosene while increasing the price of petrol.