Table of Contents
IPO Details
Pure Energy Limited is a leading renewable energy company in Nepal. It was established on June 19, 2018, operating under the Golyan group. The company primarily focuses on solar energy to contribute to sustainable energy resources.
Pure Energy Limited is issuing an IPO of 1,60,00,000 units. The company will issue the IPO in two phases. First, it will open for locals and Nepalese working abroad, and then second, it will open for the general public.
The company has got approval to float an IPO (Initial Public Offering) from SEBON On 14 Feb 2025. The company will open for application with a face value of Rs.100. Nabil Bank Limited is the issue manager for the IPO Allocation.
1,60,000 units of shares will open for the locals of Banke district and 1,44,000 units of shares to Nepalese citizens working abroad under work permits from 2081 Falgun 20 to 2081 Chaitra 5.
After the completion of allocating shares to the locals and Nepalese working abroad remaining units of shares will be open for the general Public.
| Description | No. Of Shares | Issue Date | Close Date |
| For Local People (Banke) | 1,60,000 units | 20th Falgun, 2081 | 5th Chaitra, 2081 |
| For Foreign Employee (Nepalese) | 1,44,000 units | 4th March, 2025 | 18th March, 2025 |
| For General Public | Not Fixed | Not fixed | Not fixed |
How To Apply
- For Foreign Reserved Shares
For foreign reserved shares, you can easily apply via meroshare online as usual.
- For Local shares
To apply for local shares, you have to fill out offline forms. These are available as shown in the table below:
| 1 | Solar Electricity Production Centre, Ward No. 8, Khajura Rural Municipality, Banke |
| 2 | Nabil Bank Limited-Kohalpur and Nepalgunj Branch |
| 3 | Laxmi Sunrise Bank Limited-Kohalpur and Nepalgunj Branch |
| 4 | Siddartha Bank Limited-Khajura, Newroad Nepalgunj and B.P Chowk Branch |
| 5 | Kumari Bank Limited-Chisapani, Khajura, Kohalpur, Surkhet Road Nepalgunj and Rimjhim Bajara Branch |
Financial Overview
The company has got Double B plus Issuer rating from Care Rating Nepal Limited which means a moderate risk of default regarding timely service of financial obligation.
| Description | FY 2078/79 | FY 2079/80 | FY 2080/81 | Mid-Term 2081/82* | Projection FY 2081/82 | Projection FY 2082/83 |
|---|---|---|---|---|---|---|
| Net Worth per Share (NPR) | 58.60 | 58.57 | 58.45 | 100.79 | 110.48 | 120.85 |
| Earnings per Share (NPR) | 0.34 | 0.32 | 2.71 | 0.38 | 5.26 | 8.74 |
| Retained Profit/Loss (NPR) | 150,65,78,856.66 | 89,31,26,268.33 | 236,48,46,484.48 | 2,03,86,33,36.2 | 1,48,08,89,48.57 | 8,50,78,33,62.96 |
Project Information
Pure Energy Limited is currently running two main solar Photovoltaic Projects called Pure Energy 1 and Pure Energy 2. Pure Energy Limited has signed a Power purchase agreement with NEA for its 20 MW Project which helps reinforce the national grid of electricity.
| Project Name | Production Capacity | Total cost | Cost Per MW | Date of Approval | Deadline of electricity production approval (B.S) | Simple Payback year | Discounted Payback year |
| Solar PV Electricity Project Block 1 | 10 MW | Rs.125.47 crore | 12.55 crore | 2077/09/2 | 2102/09/01 | 8.12 | 12.42 |
| Solar PV electricity Project Block 2 | 10 MW | Rs.117.06 crore | 11.77 crore | 2077/8/29 | 2102/08/28 | 8.12 | 12.42 |