IPO and FPO in Nepal

Every new and upcoming IPO in Nepal, with issue size, price and SEBON dates. Plus what recent IPOs listed at and what they trade at today.

6 new IPOs are open or upcoming in Nepal, in 2083 BS, together raising Rs. 83.03 crore. No issue is open for application right now; the ones below are registered with SEBON and waiting for their dates. 1 issue has closed and is waiting to start trading. 8 have listed on the Nepal Stock Exchange, and what each one was issued at, listed at and trades at today is below. Dates are the official SEBON opening and closing dates.

New and upcoming IPOs in Nepal

Company	Symbol	Type	Sector	Units	Price (Rs.)	Size	Opens	Closes
Makari Gad Hydropower Limited	Not assigned	IPO	Hydro Power	22,27,500	100.00	Rs. 22.28 crore	Not announced	Not announced
Kalinchowk Investment Company Limited	Not assigned	IPO	Investment	24,00,000	100.00	Rs. 24 crore	Not announced	Not announced
Indreni Mushroom Farm Limited	Not assigned	IPO	Manufacturing and Processing	8,75,000	100.00	Rs. 8.75 crore	Not announced	Not announced
Madhyapur Hospital Limited	Not assigned	IPO	Others	28,00,000	100.00	Rs. 28 crore	Not announced	Not announced
Shubh International Hospitality Limited	Not assigned	IPO	Hotels And Tourism				Not announced	Not announced
Greenply Nepal Limited	Not assigned	IPO	Manufacturing and Processing	16,40,000			Not announced	Not announced

Makari Gad Hydropower Limited, Hydro Power, has an IPO registered with SEBON. The opening and closing dates have not been announced. The issue is 22,27,500 units at Rs. 100.00 each, raising Rs. 22.28 crore. SEBON-registered: 2,227,500 units worth Rs 22.28 crore, issue managed by Sanima Capital. Dates not yet announced.

Kalinchowk Investment Company Limited, Investment, has an IPO registered with SEBON. The opening and closing dates have not been announced. The issue is 24,00,000 units at Rs. 100.00 each, raising Rs. 24 crore. SEBON-registered: 2,400,000 units worth Rs 24 crore, issue managed by Nabil Investment Banking. Dates not yet announced.

Indreni Mushroom Farm Limited, Manufacturing and Processing, has an IPO registered with SEBON. The opening and closing dates have not been announced. The issue is 8,75,000 units at Rs. 100.00 each, raising Rs. 8.75 crore. SEBON-registered: 875,000 units worth Rs 8.75 crore, issue managed by Muktinath Capital. Dates not yet announced.

Madhyapur Hospital Limited, Others, has an IPO registered with SEBON. The opening and closing dates have not been announced. The issue is 28,00,000 units at Rs. 100.00 each, raising Rs. 28 crore. SEBON-registered: 2,800,000 units worth Rs 28 crore, issue managed by Muktinath Capital. Dates not yet announced.

Shubh International Hospitality Limited, Hotels And Tourism, has an IPO registered with SEBON. The opening and closing dates have not been announced. Plans to float 20% of issued capital; Muktinath Capital appointed issue manager.

Greenply Nepal Limited, Manufacturing and Processing, has an IPO registered with SEBON. The opening and closing dates have not been announced. Preparing IPO for 20% of capital; SGM on Shrawan 22 to approve share issuance.

By sector, the pipeline is 2 in manufacturing and processing, 1 in hydro power, 1 in investment, 1 in others and 1 in hotels and tourism.

Closed and awaiting listing

1 issue has closed and is waiting to start trading. Allotment comes first, then listing; each one gets its own page on the day it lists.

Company	Symbol	Type	Sector	Units	Issue price (Rs.)	Size	Closed
Beni Hydropower Project Limited	BENI	IPO	Hydro Power	8,63,200	100.00	Rs. 8.63 crore	2026-09-11 (2083 BS)

Beni Hydropower Project Limited, Hydro Power, trades as BENI and closed its IPO on 2026-09-11 and is awaiting listing on the Nepal Stock Exchange. The issue is 8,63,200 units at Rs. 100.00 each, raising Rs. 8.63 crore. 863,200 units at Rs 100 for the general public, issue managed by NMB Capital. Applications from 10 to 10,000 units; closing extends to 21 September if undersubscribed.

Recently listed IPOs on NEPSE

The last 5 issues to list gained an average of 198.26% on their first day, measured as the first session’s close against the issue price, not the price today. The best was 200.00% and the weakest 195.40%. A Nepali IPO is issued at Rs. 100 a share unless the prospectus says otherwise, so the first day’s price is close to the whole return an applicant sees on the day.

Company	Symbol	Type	Issue price (Rs.)	Listed on	First day	Price now (Rs.)	Since issue
Sarvottam Paints Industries Limited	SAPIL	IPO	100.00	2026-08-12 (2083 BS)	+200.00%	1,357.30	+1,257.30%
Mount Everest Power Development Limited	MEPDL	IPO	100.00	2026-08-11 (2083 BS)	+200.00%	685.40	+585.40%
Everest Colour Limited	ECL	IPO	100.00	2026-07-16 (2083 BS)	+196.60%	1,330.00	+1,230.00%
Kalanga Hydro Limited	KAHL	IPO	100.00	2026-07-01 (2083 BS)	+195.40%	497.50	+397.50%
Sanigad Hydro Limited	SGHL	IPO	100.00	2026-07-01 (2083 BS)	+199.30%	496.00	+396.00%
Yambaling Hydropower Limited	YMHL	IPO	100.00	2026-06-19 (2083 BS)	+200.00%	579.90	+479.90%
Taksar Pikhuwa Khola Hydropower Limited	TPKHL	IPO	100.00	2026-06-19 (2083 BS)	+200.00%	518.00	+418.00%
Himalayan Bank Limited (FPO)	HBL	FPO	157.00	2025-09-01 (2082 BS)	+30.70%	200.00	+27.39%

What a Nepali IPO has returned since issue

Of the 8 issues here that have listed and still carry a price, 8 are above the price they were issued at. The largest gain is Sarvottam Paints Industries Limited (SAPIL), Rs. 100.00 to Rs. 1,357.30, 1,257.30% up on the issue price. The smallest is Himalayan Bank Limited (FPO), Rs. 157.00 to Rs. 200.00, 27.39% up. These are prices, not advice, and a listing gain is not a promise about the next issue.

Sarvottam Paints Industries Limited (SAPIL): Oversubscribed 44x. Listed on NEPSE 2026-08-12 and debuted at Rs 300, the top of its Rs 100-300 opening range.

Mount Everest Power Development Limited (MEPDL): Oversubscribed ~20x, 1,42,760 allottees. Listed on NEPSE 2026-08-11 and debuted at Rs 300, the top of its Rs 100-300 opening range.

Everest Colour Limited (ECL): Oversubscribed ~40x. Debuted Shrawan 1 at Rs 296.60.

Kalanga Hydro Limited (KAHL): Debuted Asar 18 at Rs 295.40.

Sanigad Hydro Limited (SGHL): 38.46 MW Upper Kalanga Gad project, Bajhang. Debuted Asar 18 at Rs 299.30.