September 2026 IPO in Nepal: Which IPO Is Coming Next?

Upcoming IPO in Nepal 2026: 

September IPO List, Opening Dates, Issue Size & How to Apply everything here..

Nepal’s IPO market is once again attracting the attention of investors, with several companies either preparing for public issuance or waiting in the Securities Board of Nepal (SEBON) approval pipeline.

For investors looking for the upcoming IPOs in Nepal in September 2026, one of the most important issues to watch is Beni Hydropower Project Limited. At the same time, a large number of companies remain in the IPO pipeline, meaning more public offerings could come to the market after regulatory approvals.

Beni Hydropower IPO: The Key Upcoming Issue

Beni Hydropower Project Limited is scheduled to issue shares to the general public from September 7, 2026, according to recent market reports.

The company has an issued capital of approximately Rs. 1.04 billion and has received approval to issue 20% of its issued capital through IPO.

For the general public phase, the company is offering 863,200 ordinary shares at Rs. 100 per share, amounting to approximately Rs. 86.32 million.

Beni Hydropower IPO Details

Particular	Details
Company	Beni Hydropower Project Limited
Sector	Hydropower
Issue	IPO
Face Value	Rs. 100 per share
General Public Shares	863,200 units
Issue Amount	Approx. Rs. 86.32 million
Opening Date	September 7, 2026
Issue Manager	NMB Capital
Minimum Application	10 shares
Maximum Application	10,000 shares
Credit Rating	ICRA Nepal BB+

The issue is expected to close early if the required subscription is received, while the reported latest closing date is September 21, 2026. Investors should therefore verify the final dates through the official issue notice before applying.

Nepal's IPO Pipeline Remains Large

Beni Hydropower is only one part of Nepal's broader IPO market.

SEBON maintains an official IPO Application List, and its latest published application list is dated August 18, 2026. This means a number of companies are still waiting for regulatory approval before they can announce their public issue dates.

Earlier reports showed that the pipeline included companies from sectors such as:

• Hydropower
• Hotels and tourism
• Manufacturing and processing
• Investment
• Other real-sector businesses

A report published after the appointment of the new SEBON chairperson noted that 104 companies were awaiting IPO approval at that time, including 34 hydropower companies.

This indicates that Nepal could see more IPO opportunities if the approval process continues to accelerate.

Why Are So Many Companies Coming With IPOs?

Nepal's capital market has traditionally been dominated by banking, insurance and hydropower companies. However, the IPO pipeline is gradually becoming more diversified.

Hotels, tourism businesses, manufacturing companies and other real-sector businesses are increasingly looking toward the stock market to raise capital.

One interesting example is Bajeko Sekuwa, which has announced plans to enter the capital market and become the first restaurant-sector brand in Nepal to pursue an IPO. The company plans to offer 20% of its issued capital to the public, subject to the required regulatory process.

What Should Investors Check Before Applying?

Getting an IPO allotment does not automatically mean making a profit.

Before applying, investors should look beyond the excitement surrounding an upcoming issue.

1. Company Financials

Check the company's revenue, profit, earnings per share and net worth.

2. Sector Risk

Hydropower companies, for example, can face construction, financing, generation, PPA and environmental risks.

3. Credit Rating

A credit rating can provide an indication of the company's financial risk. However, it should not be the only basis for an investment decision.

4. IPO Price

Most ordinary IPOs have traditionally been issued at Rs. 100 per share, but investors should check whether the company is issuing shares at par or at a premium.

5. Use of IPO Funds

Investors should understand where the money raised from the IPO will be used—such as project construction, debt repayment, expansion or working capital.

How to Apply for an IPO in Nepal

Eligible investors can generally apply through the C-ASBA system using participating banks and financial institutions.

Investors can also apply electronically through MeroShare.

Before applying:

1. Make sure your Demat account is active.
2. Ensure your MeroShare account is working.
3. Keep sufficient funds in your linked bank account.
4. Check the official IPO notice.
5. Enter the desired number of shares.
6. Submit the application through C-ASBA/MeroShare.
7. Check the allotment result after the issue closes.

Don't Confuse "IPO Pipeline" With "Upcoming IPO"

This is an important point for new investors.

A company appearing on the SEBON IPO application list does not necessarily mean its IPO will open soon.

There are several stages:

Company Decision → IPO Application → SEBON Review → Approval → Prospectus/Offer Letter → Issue Announcement → IPO Opening → Allotment → Listing

Therefore, investors should not assume that every company in the SEBON pipeline has an imminent IPO date.

SEBON's official website should be checked for regulatory approval and issue information before making an investment decision.

Takeaway

September 2026 could be an interesting period for Nepal's primary market, with Beni Hydropower Project Limited currently scheduled as one of the key upcoming public issues.

However, investors should remember that IPO does not mean guaranteed profit. An IPO should be evaluated based on the company's financial health, business model, project risk, valuation, sector outlook and future earning potential.

For the latest opening dates, issue quantities and allotment information, investors should always verify the information from SEBON, the company's official notice, the issue manager and MeroShare before applying.