Beni Hydropower IPO Opens Today: Price, Dates & How to Apply

Beni Hydropower IPO Opens Today (Sept 7, 2026): Everything You Need to Know Before Applying

Today, on 7 September 2026, a new IPO has officially opened for the general public in Nepal: Beni Hydropower Project Limited (BEPL). If you have a Meroshare account ready and are wondering whether this is worth applying for, this blog breaks it down in simple language — what the company is, how many shares are on offer, key dates, and what to think about before you click "Apply."

What company is this?

Beni Hydropower Project Limited is a hydropower development company founded in 2016. It is currently building the Upper Solu Khola Hydropower Project, a run-of-river plant with a licensed capacity of 18 MW, located in Beni (Salleri), Solukhumbu district. Being "run-of-river" means the plant generates electricity from the natural flow of the river rather than storing large amounts of water behind a dam — a common model for smaller hydropower projects in Nepal.

Important note: the project is still under construction, not yet generating commercial revenue. This matters for how you think about the investment — more on that below.

Key IPO details at a glance

Detail

Information

Company

Beni Hydropower Project Limited (BEPL)

Opens

7 September 2026

Early closing date

10 September 2026

Extended closing (if undersubscribed)

21 September 2026

Share price

Rs. 100 per unit (face value)

Units offered to general public

8,63,200 units

Minimum application

10 units

Maximum application

10,000 units

Issue manager

NMB Capital Limited

Issuer rating

ICRA Nepal: [ICRANP-IR] BB+ (upgraded from BB)

How the share allocation actually works

A lot of first-time applicants get confused seeing big numbers, so here's the breakdown in simple terms:

The company's total issued capital is Rs. 1.04 arba (104 crore).

20% of that (20,80,000 units) is offered publicly.

Of this public portion:

10% (10,40,000 units) is reserved for project-affected locals of Solukhumbu district.

The remaining 10% (10,40,000 units) is for the general public — this is the portion you and I can apply for.

Within that general public share:

10% is set aside for Nepalese citizens working abroad (NRNs/migrant workers)

2% goes to the company's own employees

5% is reserved for mutual funds

The remaining 8,63,200 units is what's actually open for ordinary retail applicants like you today.

Understanding this breakdown matters because it tells you the real pool of shares you're competing for in the lottery — it's smaller than the total headline numbers suggest.

What does the "ICRA BB+" rating mean?

ICRA Nepal recently upgraded Beni Hydropower's issuer rating from BB to BB+. In simple terms, this rating reflects the company's ability to meet its financial obligations on time. A BB+ rating is generally interpreted as a moderate risk of default — not the strongest rating on the scale, but an improvement from before. This is useful context, not a guarantee of investment performance.

Should you apply? Things to think about

This is not investment advice — but here are the factors experienced Nepali investors typically weigh before applying for a hydropower IPO like this one:

In favor of applying:

The share price is fixed at face value (Rs. 100), so your downside risk while applying is limited to your capital being blocked temporarily.

Hydropower IPOs in Nepal have historically seen strong demand and often list above the issue price on listing day, though this is never guaranteed.

The application process itself costs you little beyond the blocked amount — if you're not allotted shares, the money is released back to your account.

Things to be cautious about:

The project is still under construction, meaning it isn't generating revenue yet. Returns depend heavily on the project being completed on schedule and performing as expected once operational.

Hydropower output in Nepal is seasonal — generation is typically much lower in the dry season (winter/spring) than during the monsoon, which affects future revenue and dividend potential.

Like all IPOs, allotment is via lottery if the issue is oversubscribed, so applying doesn't guarantee you'll receive shares.

Always check the company's prospectus (available through the issue manager, NMB Capital, or SEBON) for full financial and risk disclosures before applying.

How to apply, step by step

Log in to your Meroshare account at meroshare.cdsc.com.np.

Go to "My ASBA" and look for Beni Hydropower Project Limited (BEPL) under open issues.

Enter the number of units you want (minimum 10, maximum 10,000) — remember, units × Rs. 100 will be blocked in your linked bank account until allotment.

Select your bank account and enter your CRN number if required.

Confirm and submit your application before the closing date and time.

Wait for the allotment result — if not allotted, your blocked amount is released back to your account.

The bottom line

The Beni Hydropower IPO is a fairly typical hydropower issue for the Nepali market: fixed price, lottery-based allotment, moderate credit rating, and a project still in the construction phase. If you decide to apply, treat it the same way you should treat every IPO — as one small, diversified bet within a broader portfolio, not as a guaranteed win. Since minimal capital is blocked for a maximum 10-day window, many retail investors in Nepal choose to apply for most IPOs that come through Meroshare simply because the downside is limited — but the decision should still be based on your own risk tolerance and financial situation.

This article is for educational purposes only and is not investment advice. Always read the company's prospectus and consult a licensed financial advisor before applying for any IPO. IPO details can change — verify current status on Meroshare or with the issue manager before applying.