Shikhar Power Development Extends IPO Deadline for Local Residents

• Nepse Talk
• Feb 03, 2026
• 17 views

Shikhar Power Development IPO Deadline Extended for Local Investors

Shikhar Power Development has given the local people an additional extension for the IPO subscription period.

The deadline for subscription to the Shikhar Power Development Limited IPO is extended for the project, affected local people of Baglung District, Nepal until 8 Falgun 2082 (Feb 20, 2026). The purpose is to grant the locals a longer time period to subscribe to the shares allotted to them.

The company originally opened its IPO issuance on Magh 6, 2082 (Jan 20, 2026). It offered 980,000 shares equal to 10% of its total issued capital to locals affected by the project, based on the Environmental Impact Assessment Report and the power generation license.

Applicants must apply for at least 10 shares and can request up to 10,000 shares. The IPO is being managed by Global IME Capital Limited.

Earlier, the IPO also offered 222,000 shares to Nepalis working abroad under the first phase, but that category closed earlier based on demand.

Why This Matters for Investors?

• This gives project-affected locals more time to invest before the issue closes.
• Investors following stocks in the hydropower sector on NEPSE may witness greater interest in this share issuance.
• This move shows the company’s effort to ensure full participation from eligible local investors.

Shikhar Power Development Limited IPO: Quick IPO Summary

• Company: Shikhar Power Development Limited
• IPO Type: First phase targeted at local residents and Nepalis abroad
• Local Shares: 980,000 units at NPR 100 per share
• Deadline (Extended): 8 Falgun 2082 for local residents
• Minimum/Maximum Apply: 10 – 10,000 shares
• Issue Manager: Global IME Capital Limited

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