Nepal’s capital market continues to attract investor attention as numerous companies prepare to go public. According to the Securities Board of Nepal (SEBON) pipeline, a total of 75 companies across multiple sectors are planning Initial Public Offerings (IPOs) in the near future. These companies aim to issue 323,851,170 shares, raising approximately NPR 48.68 billion.
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The upcoming IPOs span diverse sectors including Hydropower, Manufacturing & Processing, Hotels & Tourism, Investment, Micro Insurance, Development Banks, and other industries. This provides investors a wide array of opportunities to participate in Nepal’s growing corporate landscape.
Updated on: 11 October 2025
We are regularly updating this list of upcoming IPOs in Nepal to keep investors informed about the latest opportunities.
Sector-Wise Overview of Upcoming IPOs
| Sector/Category | Number of Companies | Total Shares | Total Amount (NPR) |
|---|---|---|---|
| Development Banks | 1 | 1,723,880 | 172,388,000 |
| Hotels and Tourism | 4 | 14,210,000 | 1,421,000,000 |
| Hydropower | 37 | 127,859,589 | 12,785,958,900 |
| Investment | 4 | 18,650,375 | 3,141,037,500 |
| Manufacturing and Processing | 16 | 126,992,272 | 27,044,916,725 |
| Micro Insurance | 3 | 6,750,000 | 675,000,000 |
| Others | 10 | 27,665,054 | 3,438,705,400 |
| Total | 75 | 323,851,170 | 48,679,006,525 |
✅ Total number of companies across all sectors: 75
How to Check IPO Results in Nepal: A Complete Guide [ Mero Share, CDSC ]
Sector-Wise Upcoming IPOs in Nepal
1. Development Banks
| S.N | Name of Company | Type of Issue | No. of Shares | Amount of Issue | Issue Manager | Date of Application | Date of Comment | Date of Reply | Remarks |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Salapa Bikas Bank Limited | IPO | 1,723,880 | 172,388,000 | Muktinath Capital Limited | 2082/01/23 | 2082/03/06 | 2082/03/29 | Reply received on 2082/03/29 |
2. Hotels and Tourism
| S.N | Name of Company | Type of Issue | No. of Shares | Amount of Issue | Issue Manager | Date of Application | Date of Comment | Date of Reply | Remarks |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Hotel Forest Inn Ltd. | IPO | 4,000,000 | 400,000,000 | NIC Asia Capital Ltd. | 2080/07/15 | 2080/09/01 | 2080/09/05 | Updates along with compliance report received on 2082.05.09 |
| 2 | Akama Hotel Limited (For General Public) | IPO | 2,250,000 | 225,000,000 | Sanima Capital Limited | 2081/03/26 | — | 2082/03/06 | Change in par value @ 100 and compliance report along with updated prospectus received |
| 3 | Varnabas Museum Hotel Limited | IPO | 3,960,000 | 396,000,000 | Himalayan Capital Limited | 2081/11/19 | — | 2082/01/02 | Updates received regarding an increase in the issue size to 36% of capital |
| 4 | Mountain Glory Limited | IPO | 4,000,000 | 400,000,000 | Laxmi Sunrise Capital | — | — | — | — |
3. Hydropower
| S.N | Name of Company | Type of Issue | No. of Shares | Amount of Issue | Issue Manager | Date of Application | Date of Comment | Date of Reply | Remarks |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Bhujung Hydropower Limited (For Local and General Public) | IPO | 2,000,000 | 200,000,000.00 | Kumari Capital Limited | 2080/05/13 | 2080/06/24 | 2080/07/03 | Updates received on 2082.04.06 |
| 2 | Yambaling Hydropower Limited (For Local and General Public) | IPO | 2,800,000 | 280,000,000.00 | Muktinath Capital Limited | 2080/06/10 | — | — | Letter sent on 2082.02.08 for additional documents |
| 3 | Solu Hydropower Limited (For Local and General Public) | IPO | 20,000,000 | 2,000,000,000.00 | Nabil Investment Banking Limited | 2080/06/23 | 2080/08/15 | 2080/08/19 | Letter sent on 2082.03.18 for updates and additional documents |
| 4 | Taksar Pikhuwa Khola Hydropower Limited (For Local and General Public) | IPO | 4,230,668 | 423,066,800.00 | Prabhu Capital Limited | 2080/06/26 | 2080/09/01 | 2080/09/17 | Compliance report along with updates received on 2082/04/22 |
| 5 | Ridge Line Energy Ltd. (For Local and General Public) | IPO | 2,607,000 | 260,700,000.00 | Prabhu Capital Ltd. | 2080/08/25 | 2080/11/30 | 2081/02/20 | Updates received on 2082/03/10 along with decrease in issue size to 22% of issued capital |
| 6 | Kalinchock Hydropower Ltd. (For Local and General Public) | IPO | 825,000 | 82,500,000.00 | RBB Merchant Banking Ltd. | 2080/10/22 | 2082/03/32 | 2082/04/09 | Updates received on 2082.04.04 regarding increase in issue size to 20% of capital |
| 7 | Him River Power Ltd. (For Local and General Public) | IPO | 1,330,000 | 133,000,000.00 | Siddhartha Capital Ltd. | 2080/10/28 | — | 2081/11/09 | Letter sent regarding updates on Networth |
| 8 | Lower Erkhuwa Hydropower Company Ltd. (For Local and General Public) | IPO | 2,805,750 | 280,575,000.00 | Muktinath Capital Limited | 2080/11/11 | 2082/03/32 | 2082/04/12 | Updates and compliance report received on 2082/02/20 |
| 9 | Kalanga Hydro Limited (For Local and General Public) | IPO | 4,900,000 | 490,000,000.00 | Sanima Capital Limited | 2080/12/06 | — | — | Updates and compliance report received on 2082/02/22 |
| 10 | Sanigad Hydro Limited (For Local and General Public) | IPO | 8,550,000 | 855,000,000.00 | LS Capital Limited | 2080/12/06 | — | — | Updates and compliance report received on 2082/02/20 |
| 11 | Apex Makalu Hydropower Limited | IPO | 2,400,000 | 240,000,000.00 | Sanima Capital Limited | 2080/12/18 | — | — | Updates along with compliance report received on 2082/03/11 |
| 12 | Appolo Hydropower Limited (For Local and General Public) | IPO | 1,410,000 | 141,000,000.00 | Himalayan Capital Limited | 2080/12/20 | — | 2082/04/30 | Updates along with compliance report received on 2082/03/02 |
| 13 | Gaurishankar Power Development Limited (For Local and General Public) | IPO | 2,400,000 | 240,000,000.00 | Nabil Investment Banking Ltd. | 2080/12/21 | — | — | Compliance report along with updates received on 2082/03/10 |
| 14 | Shikhar Power Development Ltd. (For Local and General Public) | IPO | 3,200,000 | 320,000,000.00 | Global IME Capital Ltd. | 2080/12/30 | 2082/03/32 | 2082/04/07 | Compliance report and updated prospectus received on 2082/02/14 |
| 15 | Siuri Nyadi Power Limited (For Local and General Public) | IPO | 30,360,784 | 3,036,078,400.00 | NMB Capital Limited | 2081/01/18 | — | — | Compliance report received on 2082/03/09 |
| 16 | Super Khudi Hydropower Limited (For Local and General Public) | IPO | 3,100,000 | 310,000,000.00 | Global IME Capital Ltd. | 2081/01/30 | 2082/03/32 | 2082/04/05 | Updates and compliance report received on 2082/02/19 |
| 17 | Mount Everest Power Development Limited (For Local and General Public) | IPO | 2,580,000 | 258,000,000.00 | NIMB Ace Capital Limited | 2081/02/06 | 2082/05/09 | — | Compliance report along with updates received on 2082/03/13 |
| 18 | Aasutosh Energy Limited (For Local and General Public) | IPO | 1,200,000 | 120,000,000.00 | NMB Capital Limited | 2081/02/21 | — | — | Compliance report along with updates received on 2082/04/22 |
| 19 | Hilton Hydro Energy Limited (For Local and General Public) | IPO | 1,700,000 | 170,000,000.00 | Sanima Capital Limited | 2081/02/24 | — | — | Compliance report and updates received on 2082/04/09 along with increase in issue size to 20% of issued capital |
| 20 | Snow Rivers Limited (For Local and General Public) | IPO | 1,875,000 | 187,500,000.00 | Sanima Capital Limited | 2081/02/24 | 2082/05/09 | — | Compliance report and updates received on 2082/04/06 along with increase in issue size to 20% of issued capital |
| 21 | Suryakunda Hydro Electric Limited (For Local and General Public) | IPO | 1,379,350 | 137,935,000.00 | Kumari Capital Limited | 2081/03/04 | 2082/05/09 | — | Updates and compliance report received on 2082/02/29 |
| 22 | Madame Khola Hydropower Limited | IPO | 3,250,000 | 325,000,000.00 | Muktinath Capital Limited | 2081/04/13 | — | — | — |
| 23 | Nilgiri Khola Hydropower Company Limited (For Local and General Public) | IPO | 4,320,000 | 432,000,000.00 | Prabhu Capital Limited | 2081/04/22 | — | — | Updates received on 2082/03/03 |
| 24 | Peoples Energy Limited (For Local and General Public) | IPO | 6,600,000 | 660,000,000.00 | Sanima Capital Limited | 2081/04/23 | — | — | — |
| 25 | Champawati Hydropower Ltd. (For Local and General Public) | IPO | 1,600,000 | 160,000,000.00 | RBB Merchant Banking Ltd. | 2081/07/04 | — | — | — |
| 26 | Him Parbat Hydropower Limited (For Local and General Public) | IPO | 5,915,000 | 591,500,000.00 | Citizens Capital Limited | 2081/08/05 | — | — | Compliance report along with updates received on 2082/04/27 |
| 27 | Century Energy Limited (For Local and General Public along with premium @275.11) | IPO | 300,000 | 82,533,000.00 | NIMB Ace Capital Limited | 2081/08/14 | — | — | — |
| 28 | Habitat Power Company Limited (For Local and General Public) | IPO | 1,420,000 | 142,000,000.00 | Muktinath Capital Limited | 2081/08/21 | — | — | Compliance report and updates received on 2082/04/27 along with increase in issue size to 20% of issued capital |
| 29 | Numbur Himalaya Hydropower Limited (For Local and General Public along with premium @218) | IPO | 3,006,202 | 655,352,036.00 | LS Capital Limited | 2081/09/07 | — | — | Compliance report received on 2082/04/27 |
| 30 | United Mewa Khola Hydropower Limited | IPO | 12,300,000 | 1,230,000,000.00 | Citizens Capital Limited | 2081/09/11 | — | — | — |
| 31 | Aarati Power Company Limited | IPO | 3,600,000 | 360,000,000.00 | Global IME Capital Ltd. | 2081/11/09 | — | — | Compliance report along with updates received on 2082/03/06 |
| 32 | Mewa Developers Limited | IPO | 11,200,000 | 1,120,000,000.00 | Himalayan Capital Limited | 2081/11/09 | — | — | — |
| 33 | Myagdi Hydropower Limited | IPO | 4,745,000 | 474,500,000.00 | NMB Capital Limited | 2081/12/27 | — | — | Compliance report along with updates received on 2082/04/09 |
| 34 | Jhyamolongma Hydropower Development Company Ltd. | IPO | 5,100,000 | 510,000,000.00 | Laxmi Sunrise Capital Limited | 2082/01/21 | — | — | Compliance report along with updates received on 2082/04/29 |
| 35 | Orbit Energy Limited | IPO | 4,000,000 | 400,000,000.00 | Kumari Capital Limited | 2082/01/22 | — | — | Updates received on 2082/04/26 along with decrease in issue size to 20% of issued capital |
| 36 | Vision Energy & Power Ltd. | IPO | 8,300,000 | 830,000,000.00 | NIMB Ace Capital Limited | 2082/03/30 | — | — | — |
| 37 | White Lotus Power Ltd. | IPO | 1,219,000 | 121,900,000.00 | Nepal SBI Merchant Banking Ltd. | 2082/03/31 | — | — | — |
4. Investment
| S.N | Name of Company | Type of Issue | No. of Shares | Amount of Issue | Issue Manager | Date of Application | Date of Comment | Date of Reply | Remarks |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Barun Investment Ltd. (For General Public) | IPO | 2,475,000 | 247,500,000.00 | Global IME Capital Ltd. | 2080/09/25 | 2082/01/24 | 2082/02/20 | Compliance report and updated prospectus received on 2082.02.20 |
| 2 | Seed Energy Limited (For General Public) | IPO | 2,475,375 | 247,537,500.00 | NMB Capital Limited | 2080/12/04 | 2082/04/16 | — | Updates and compliance report received on 2082.02.22 |
| 3 | Shivam Holdings Limited (For General Public along with premium @210) | IPO | 11,600,000 | 2,436,000,000.00 | Siddhartha Capital Ltd. | 2081/02/29 | — | — | Compliance report received on 2082.03.12 |
| 4 | Shiva Shankar Hydro Investment Ltd. (For General Public) | IPO | 2,100,000 | 210,000,000.00 | Laxmi Sunrise Capital Ltd. | 2082/01/25 | — | — | Updates received on 2082/04/29 |
| Total | — | — | 18,650,375 | 3,141,037,500 | — | — | — | — | — |
5. Manufacturing and Processing
| S.N | Name of Company | Type of Issue | No. of Shares | Amount of Issue | Issue Manager | Date of Application | Date of Comment | Date of Reply | Remarks |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Jagdamba Steels Limited (For Local and General Public along with premium @300) | IPO | 20,070,000 | 6,021,000,000.00 | Siddhartha Capital Limited | 2080/06/17 | 2080/08/12 | 2080/09/20 | Comment sent on 2080/09/20 |
| 2 | Shaurya Cement Industries Ltd. (For Local and General Public along with premium @264.51) | IPO | 15,981,500 | 4,227,266,565.00 | Nabil Investment Banking Ltd. | 2080/09/12 | 2080/11/30 | 2080/12/08 | Reply received on 2080/12/08 |
| 3 | Maruti Cements Ltd. (For Local and General Public along with premium @377) | IPO | 11,600,000 | 4,373,200,000.00 | Nabil Investment Banking Ltd. | 2080/09/26 | — | — | — |
| 4 | Smart Doors Limited (For General Public) | IPO | 306,000 | 30,600,000.00 | Muktinath Capital Limited | 2081/01/03 | — | — | — |
| 5 | Palpa Cement Industries Limited (For Local and General Public) | IPO | 7,500,000 | 750,000,000.00 | Nabil Investment Banking Ltd. | 2081/01/23 | 2082/03/32 | 2082/05/09 | Compliance report received on 2082/02/22 and reply received on 2082/05/09 |
| 6 | Laxmi Technoplast Ltd (For General Public) | IPO | 1,000,000 | 100,000,000.00 | Nepal SBI Merchant Banking Limited | 2081/02/21 | — | — | Letter sent on 2082/01/15 regarding updates on Networth |
| 7 | Shree Distillery Limited | IPO | 960,000 | 96,000,000.00 | Prabhu Capital Limited | 2081/03/01 | — | — | Letter sent on 2082/01/15 regarding updates on Networth |
| 8 | Bhugarva Cement Ltd. (For Local and General Public) | IPO | 1,262,500 | 126,250,000.00 | Nabil Investment Banking Ltd. | 2081/05/13 | — | — | Letter sent on 2082/01/15 regarding updates on Networth |
| 9 | Riddhisiddhi Cement Ltd. (For Local and General Public along with premium @214.10) | IPO | 12,171,500 | 2,605,918,150.00 | NIMB Ace Capital Limited | 2081/06/18 | — | — | Letter sent on 2082/01/15 regarding updates on Networth |
| 10 | Ambe Steels Ltd. (For Local and General Public along with premium @303) | IPO | 11,192,727 | 3,391,396,281.00 | Nabil Investment Banking Ltd. | 2081/07/07 | — | — | — |
| 11 | Everest Colour Limited (For General Public) | IPO | 790,000 | 79,000,000.00 | Muktinath Capital Limited | 2081/08/28 | — | — | Compliance report received on 2082/03/10 along with updates on increase in issue size to 26.33% of issued capital and change in par value to Rs.100 |
| 12 | Kantipur Pharmaceuticals Lab Limited | IPO | 1,700,000 | 170,000,000.00 | Muktinath Capital Limited | 2081/11/19 | — | — | Compliance report received on 2082/02/16 along with updates on increase in issue size to 21.25% of issued capital |
| 13 | Sarvottam Paints Industries Limited | IPO | 850,000 | 85,000,000.00 | Global IME Capital Ltd | 2081/11/20 | — | 2082/02/30 | Compliance and additional reports obtained on 2082/02/12 |
| 14 | Mahashakti Cement Limited (For Local and General Public) | IPO | 17,850,857 | 1,785,085,700.00 | Laxmi Sunrise Capital Limited | 2081/11/26 | — | — | — |
| 15 | Shubhashree Agni Cement Udhyog Limited (For Local and General Public) | IPO | 20,210,000 | 2,021,000,000.00 | Machhapuchchhre Capital Limited | 2082/03/02 | — | — | Along with compliance report |
| 16 | Hulas Infra Ltd. (For Local and General Public along with premium @333.56) | IPO | 3,547,188 | 1,183,200,029.28 | Nabil Investment Banking Ltd. | 2082/03/24 | — | — | — |
| Total | — | — | 126,992,272 | 27,044,916,725 | — | — | — | — | — |
6. Micro Insurance
| S.N | Name of Company | Type of Issue | No. of Shares | Amount of Issue | Issue Manager | Date of Application | Date of Comment | Date of Reply | Remarks |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Protective Micro Insurance Limited (For General Public) | IPO | 2,250,000 | 225,000,000.00 | NIMB Ace Capital Ltd. | 2081/06/20 | 2082/04/30 | 2082/05/10 | Compliance report along with updates received on 2082/04/22 and reply received on 2082/05/10 |
| 2 | Star Micro Insurance Company Limited | IPO | 2,250,000 | 225,000,000.00 | NIMB Ace Capital Ltd. | 2081/08/09 | — | — | Compliance report along with updates received on 2082/03/16 |
| 3 | Liberty Micro Life Insurance | IPO | 2,250,000 | 225,000,000.00 | NIMB Ace Capital Ltd. | 2081/08/20 | — | — | Compliance report along with updates received on 2082/03/29 |
| Total | — | — | 6,750,000 | 675,000,000 | — | — | — | — | — |
7. Others
| S.N | Name of Company | Type of Issue | No. of Shares | Amount of Issue | Issue Manager | Date of Application | Date of Comment | Date of Reply | Remarks |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Dish Media Network Ltd. (For General Public) | IPO | 13,584,955 | 1,358,495,500.00 | Prabhu Capital Ltd. | 2080/03/12 | — | — | Update received on 2082/01/15 |
| 2 | IME Limited (For General Public) | IPO | 1,250,667 | 125,066,700.00 | Prabhu Capital Ltd. | 2080/03/29 | 2080/06/21 | 2081/03/09 | Update received on 2081/11/08 |
| 3 | Hospital For Advanced Medicine and Surgery Ltd. (HAMS Hospital) (For General Public along with premium @288) | IPO | 1,125,000 | 324,000,000.00 | Muktinath Capital Limited | 2080/09/06 | — | — | — |
| 4 | Nepal Broadcasting Channel Limited (For General Public @50) | IPO | 1,000,000 | 50,000,000.00 | NIMB Ace Capital Limited | 2081/02/21 | — | — | — |
| 5 | Kailash Helicopter Services Limited (For General Public along with premium @327) | IPO | 350,000 | 114,450,000.00 | Muktinath Capital Limited | 2081/02/29 | — | — | — |
| 6 | Chhaya Devi Complex Limited (along with premium @400) | IPO | 1,437,500 | 575,000,000.00 | Prabhu Capital Limited | 2081/05/02 | — | — | — |
| 7 | Business Interest Group of Industries Limited (For General Public) | IPO | 4,500,000 | 450,000,000.00 | Kumari Capital Limited | 2081/03/02 | — | — | Compliance report along with updates received on 2082/02/30 |
| 8 | Medicare Hospital Ltd. | IPO | 1,125,000 | 112,500,000.00 | Sanima Capital Limited | 2081/09/26 | — | — | — |
| 9 | G.I. Solar Limited | IPO | 1,363,360 | 136,336,000.00 | RBB Merchant Limited | 2081/09/28 | — | — | Compliance report received on 2082/03/19 and updates received on 2082/05/05 |
| 10 | Solar Farm Limited | IPO | 1,928,572 | 192,857,200.00 | Kumari Capital Limited | 2082/01/07 | — | — | Compliance report along with updates received on 2082/03/29 |
| Total | — | — | 27,665,054 | 3,438,705,400 | — | — | — | — | — |
Nepal’s IPO market continues to attract both seasoned investors and newcomers, offering opportunities across diverse sectors such as hydropower, manufacturing, hotels, and microinsurance. With 75 companies planning to go public, raising nearly NPR 48.7 billion, investors have a wide range of options to diversify their portfolios.
While the IPO allotment process is competitive, understanding the sector-wise offerings and upcoming IPO pipeline helps investors make informed decisions. It’s crucial to monitor official sources like SEBON, CDSC, and stock exchange announcements to stay updated about application timelines, allotment results, and subscription procedures.
By keeping track of sector-specific opportunities, investors can align their investments with personal risk preferences and financial goals. Whether it’s high-growth sectors like hydropower or stable options like development banks, planning ahead and staying informed remains the key to successful participation in Nepal’s growing IPO market.