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
Economic growth is well below target, inflation is improving
Kathmandu. The government has released a new forecast that the economic growth rate of the country will be limited to 3.5 percent, which is much lower than the target. While reviewing the current financial year's budget half-yearly, the government...
What is the exchange rate of which foreign currency on Wednesday?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the fixed exchange rate, the buying rate of one US dollar is 147 rupees 50 paisa and the selling rate is 148 rupees 10 paisa.
Similarly...
Fuel prices have increased, but retail prices in Nepal remain the same
Kathmandu. Despite the increase in the price of petroleum products from the Indian Oil Corporation, the Nepal Oil Corporation has decided not to increase the retail price keeping in mind the convenience of the general public. According to the new...
Today, NEPSE increased by a normal number, the turnover fell to 8 billion 22 million
Kathmandu. On the second trading day of the week, the NEPSE index increased by 1.53 points to 2695.73. During the day, 1.75 lakh 7776 shares of 330 companies were bought and sold, resulting in a turnover of 8.22 billion 39 lakh shares. Today, whil...
NEPSE increased by 5 percent, turnover of 15.78 billion
Kathmandu. Nepal Stock Exchange NEPSE increased by 5.01 points to 2936.56 points. Today, when 38 million 73 thousand shares of 342 companies were bought and sold, a turnover of 15.78 billion was made.
Greenery has come in 7 sub-indicators to...
Government's relief package: Rasuwa flood victims will get up to 50% advance insurance claim payment
Kathmandu. The government has decided to provide advance payment to the insured affected by the Rasuwa flood based on the preliminary assessment of insurance claims. This arrangement has been made through the 'Rasuwa flood recovery package' announ...