Solu Hydropower IPO Oversubscribed 3.86 Times, Attracts Over 2.57 Million Applicants

Key Highlights

• IPO Size: 82,00,000 units

• Issue Price: Rs 100 per share (par value)

• Issue Period: 29th Poush – 4th Magh, 2082

• Total Applications: 25,70,422

• Total Shares Applied: 3,17,08,390 units

• Oversubscription: 3.86 times

• Issue Manager: Nabil Investment Banking Limited

Solu Hydropower Limited (SOHL) has successfully closed its Initial Public Offering (IPO) for the general public, recording strong demand from investors across the country. The IPO, which opened on 29th Poush, 2082, was closed on 4th Magh, 2082, with shares offered at a face value of Rs 100 per unit.

The company’s issued capital stands at Rs 10 Arba, out of which 20 percent, equal to 2 crore shares, was allocated for public issuance. Prior to the general public offering, 10 percent of the issued capital (1 crore shares worth Rs 1 Arba) had already been distributed to project-affected locals of Solukhumbu district.

In addition, 10 percent of the public issue (10 lakh shares) was reserved for Nepalese citizens working abroad, reflecting the company’s inclusive share distribution approach.

From the total public offering:

• 3 percent (3 lakh shares) was allocated for company employees

• 5 percent (5 lakh shares) was reserved for mutual funds

• The remaining 82 lakh shares were issued to the general public

According to CDSC, a total of 25,70,422 investors applied for 3,17,08,390 shares, leading the IPO to be oversubscribed by 3.86 times. Investors were allowed to apply for a minimum of 10 shares and a maximum of 1,00,000 shares.

The IPO was managed by Nabil Investment Banking Limited. The strong subscription indicates rising investor confidence in hydropower projects and continued enthusiasm for IPO listings on Nepse, further strengthening Nepal’s capital market momentum.