📈 Latest IPO Updates in Nepal — December 2025

Nepal’s IPO market is finally showing signs of renewed activity in December 2025. After years of slow issuance, investors now have multiple opportunities to participate in Initial Public Offerings (IPOs) across sectors like hydropower, banking, and manufacturing. This article provides the latest updates, current openings, and insights for investors.

🏛️ What is an IPO?

An Initial Public Offering (IPO) is when a private company offers its shares to the public for the first time. In Nepal, IPOs are regulated by the Securities Board of Nepal (SEBON). Once approved by SEBON, companies can issue shares through banks or MeroShare. After allotment, these shares are listed on the Nepal Stock Exchange (NEPSE) for trading.

IPOs give investors a chance to buy shares at an early stage, often below the post-listing market price, making them a popular investment option.

🔹 Current IPOs — December 2025

1️⃣ Bhujung Hydropower IPO — Open Now

• Face value: NPR 100 per share
• Minimum application: 10 shares; maximum: 50,000 shares
• A quota of 100,000 shares is reserved for Nepalis employed abroad (application deadline: Jan 21, 2026)
• Application deadline for local investors: mid-January 2026
• This IPO is significant because hydropower IPOs in Nepal have faced delays for years. Source

2️⃣ Reliance Spinning Mills IPO — Open for Nepalis Abroad

• Subscription deadline: Dec 22, 2025
• Price: NPR 820.80 per share
• Quota: 10% of total shares allocated for Nepalis abroad
• Applications can be made through SEBON-approved banks or MeroShare. Source

3️⃣ Salapa Bikas Bank Limited — IPO Phase Updates

• First phase (for foreign-employed Nepalis) oversubscribed
• Second phase (general public) pending
• Total offering: ~17.23 lakh shares at NPR 100 face value
• Shows strong investor interest in banking IPOs. Source

📌 SEBON’s Latest IPO Approvals

SEBON has published the IPO approvals list for the fiscal year 2082/83. While approval does not always mean the IPO is immediately open, it confirms regulatory clearance for companies preparing to issue shares. Companies currently in the pipeline include:

• Mabilung Energy Ltd. (Energy)
• Swastika Laghubitta (Finance)
• Sagar Distillery Ltd. (Distillery)
• Reliance Mill Spinning Ltd. (Manufacturing)

These companies are waiting for final prospectus dates and subscription windows. Source

⚖️ Regulatory & Market Updates

• SEBON has increased regulatory scrutiny on IPOs, including the book-building process, pricing, and allocations.
• Draft IPO rule amendments are under discussion to improve transparency and protect investors.
• Hydropower IPO approvals continue to face delays due to compliance requirements, though Bhujung Hydropower has successfully issued its IPO. Source

📍 Key Takeaways for Investors

• ✅ IPO markets are active again in Nepal after years of low issuance.
• ✅ Hydropower and banking sectors remain the most attractive for investors.
• ✅ Retail and Nepalis abroad must carefully watch application windows and quotas.
• ✅ Regulatory oversight is increasing, making due diligence essential.

🔔 Final Thoughts

The December 2025 IPO updates reflect a cautiously optimistic market. With Bhujung Hydropower, Reliance Spinning Mills, and Salapa Bikas Bank leading the way, investors have exciting opportunities. Staying informed about SEBON announcements, deadlines, and quotas is crucial for anyone planning to participate.

Nepal’s IPO season is gradually picking up — and smart investors can benefit from these early-stage offerings if they act carefully and strategically.