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
Fall in gold prices, how much per tola on Friday?
Kathmandu. The price of gold has decreased in Nepali market today. Gold tola has fallen by two thousand rupees. According to the Nepal Gold and Silver Business Federation, gold is being traded at 258,400 rupees per tola today.
On the other h...
25 thousand metric tons of DAP fertilizer is being procured from India through GTU
Kathmandu. The government is purchasing 25,000 metric tons of DAP fertilizer from India through GTU. For this, the meeting of the Council of Ministers held today has decided to give in-principle approval to Agricultural Materials Limited.
Af...
Here is the foreign currency exchange rate for today
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the National Bank, the buying rate of one US dollar has been fixed at 141 rupees 56 paisa and the selling rate i...
The country's public debt exceeded 28 trillion, added 1 trillion 32 billion in 6 months
Kathmandu. Nepal's public debt has exceeded 28 trillion. At the beginning of the current fiscal year 2082,83, the total public debt was 26 trillion 74 billion 4 billion rupees, by the end of March, it increased by 1 trillion 32 billion 34 billion...
Applications for the post of Chairman of the Securities Board are open
Kathmandu. Applications have been opened for filling the post of Chairman of Nepal Securities Board Sebon. The Ministry of Finance has issued a notification calling upon eligible Nepali citizens to submit personal details and biodata within seven...
33 people awarded from taxpayer lottery, 10 lakhs each to two people
Kathmandu The government has selected 33 people for the award through the lottery system conducted to encourage taxpayers to compulsorily charge 9bil0 when purchasing goods and services throughout the month of August. Among the shortlisted two luc...