Nepal’s Biggest IPO Pipeline Revealed: Over Rs. 52 Billion in Upcoming Issues

Nepal’s IPO pipeline, as outlined in the latest SEBON Regulation Department report, shows an exceptionally active primary market with a total of 354.52 million shares awaiting approval—equivalent to a massive Rs. 52.15 billion in potential capital mobilization. The pipeline highlights the rising confidence of companies across various sectors to enter the public market, especially in the context of improving regulatory oversight and increasing investor participation. Hydropower remains the dominant sector, contributing over Rs. 16.26 billion with 36 companies in the queue, signifying Nepal’s continued focus on energy diversification and infrastructure expansion. Large-scale hydropower companies such as Siuri Nyadi Power, United Mewa Khola, Mewa Developers, Sanigad Hydro, and Vision Energyform the backbone of this segment, each proposing multi-billion rupee issues. Similarly, the Manufacturing and Processing sector has surged strongly, registering IPO applications worth more than Rs. 27 billion, driven mainly by large cement and steel companies like Jagdamba Steels, Shaurya Cement, Maruti Cement, Mahashakti Cement, Shubhashree Agni Cement, and Hulas Infra. These heavy industries seeking public investment reflect the expanding industrial capacity and long-term growth ambitions within the nation’s construction and infrastructure ecosystem.

Beyond these two leading sectors, the pipeline also features notable entries from the Hotel and Tourism industry, including Hotel Forest Inn, Varnabas Museum Hotel, Akama Hotel, and Mountain Glory, collectively proposing over Rs. 1.42 billion—an indication that post-COVID tourism revival has encouraged hospitality companies to strengthen their capital base. The Investment sector contributes Rs. 3.14 billion with firms like Barun Investment, Seed Energy, and Shivam Holdings preparing for public issuance. Meanwhile, the Micro-Insurance segment has three new companies—Protective Micro Insurance, Star Micro Insurance, and Liberty Micro Life—showing the nation’s expanding focus on risk protection and financial inclusion. The Others category presents a diverse mix of companies including Dish Media Network, IME Ltd., HAMS Hospital, Kailash Helicopter, Chhaya Devi Complex, G.I. Solar, Solar Farm, and Nepal Broadcasting Channel, with a combined issue size of Rs. 3.43 billion, reflecting a shift toward digital media, healthcare expansion, clean energy, and aviation services.

Overall, the data clearly shows that Nepal’s IPO ecosystem is diversifying rapidly across energy, manufacturing, tourism, financial services, healthcare, aviation, and media. SEBON’s detailed scrutiny—evident through compliance requests, updated prospectus submissions, net-worth verification, and document follow-ups—demonstrates a stronger emphasis on regulatory transparency and investor protection. As these companies gradually complete their compliance requirements, the year 2082/83 is set to become one of the most active IPO years, attracting massive investor interest and injecting substantial liquidity into Nepal’s capital market.