Taksar Pikhuwa Khola Hydropower's IPO opens today

Taksar Pikhuwa Khola Hydropower Limited, the promoter of the 8 MW Pikhuwa Khola Hydropower Project in Bhojpur district, has opened its Initial Public Offering (IPO) for general-public investors on Wednesday, Vaisakh 23, 2083 (May 6, 2026). The company is offering 25 Lakh 15 Thousand 455 units of ordinary shares at a par value of Rs. 100 per share — total IPO size Rs. 25 Crore 15 Lakh 45 Thousand 500.

According to the application schedule, investors must submit applications by Vaisakh 28, 2083 (Monday) — a 6-day application window. If the issue remains undersubscribed within that window, the company has the option to extend the deadline up to Jeth 6 (Wednesday). Each investor may apply for a minimum of 10 units and a maximum of 50,000 units.

The company had received approval to issue 35.26% of its issued capital of Rs. 1 Arba 20 Crore — equal to Rs. 42 Crore 30 Lakh 66 Thousand 800, comprising 42 Lakh 30 Thousand 668 units. Apart from the general-public tranche announced today, the company has already completed allocations to priority groups as follows:

IPO Allocation Structure

*Total units as stated in the source disclosure.

📅 Application Timeline

🏢 Company and Project Profile

Taksar Pikhuwa Khola Hydropower Limited operates the Pikhuwa Khola Hydropower Project, an 8 MW run-of-river hydropower facility in Bhojpur district. The project supplies electricity to the national grid through a long-term Power Purchase Agreement (PPA) with the Nepal Electricity Authority (NEA).

The project has a contracted annual energy delivery of 45.51 Million Units (MU) with a Plant Load Factor (PLF) of 64.94% — a relatively healthy load factor for a run-of-river project, reflecting consistent water flow and operational performance.

IPO Key Indicators

⚖️ Credit Rating Significance

The CARE-NP BB+ issuer rating assigned by CARE Ratings Nepal indicates that the company has an average capacity to meet its financial obligations — placing it in the moderate-risk category typical for mid-sized hydropower issuers. The project is already operational with a long-term PPA with NEA, providing predictable cash flow; however, seasonal water-flow variability and financial leverage remain key risks.

💼 How to Apply

Investors can apply through any SEBON-licensed C-ASBA participating bank or financial institution at their designated branch offices, or via online platforms such as MeroShare. With a minimum of 10 units (Rs. 1,000) and a maximum of 50,000 units (Rs. 50 Lakh), the offer is accessible to both retail and high-ticket retail investors.