Nepal Pre-IPO & Pipeline Watchlist 2026
As the Nepali capital market evolves, the "Pre-IPO" segment is becoming the frontier for smart investors. At Nepse Lightning, we track the companies moving from private ownership to public listing.
Below is the definitive list of companies currently in the pipeline, categorized by their sector and readiness.
Manufacturing & Industrial Powerhouses
These are high-moat companies with tangible assets. Many are currently in the process of "Premium Issuance" valuation.
- Goldstar Stride Limited (Goldstar Shoes): Nepal’s most iconic footwear brand. Currently finalizing its transition to a public entity with significant expansion plans.
- Nebico Limited: A legacy brand in the FMCG/Biscuit sector. Highly sought after in the unlisted market due to its long-standing brand equity.
- Nepal Ceramics Industry Limited: Operating under the "Nepaltile" brand, this company is a leader in import substitution.
- Godawari Steels Limited: Actively preparing for public listing following recent board resolutions.
- Unique Plastic Limited: A growing player in the industrial plastic and packaging segment.
- Pallavi Lubricants Limited: Established industrial lubricant manufacturer moving toward institutionalizing its shareholding.
Hospitality & Tourism
The tourism sector is seeing a massive wave of "Boutique-to-Public" conversions as Nepal's infrastructure grows.
- Apex Hospitality Limited: Currently in the SEBON pipeline with Himalayan Capital; a major player in the luxury stay segment.
- Hotel Sabrina Limited: Received board approval for listing; moving forward with NMB Capital to manage the issuance.
- Hotel Bhadgaon & Resort: Active filing in place with Muktinath Capital; targeting cultural tourism investors.
- Lumbini Palace Resort: Undergoing a major rebranding for a Pre-IPO push; one of the most anticipated listings in the Lumbini circuit.
- Agantuk Resort Limited: Pre-IPO status confirmed with an MOU already signed for share management.
- Hotel Vadgaon & Resort: Currently in internal preparation; a key asset to watch as they finalize their issue manager.
Agri-Tech & FMCG
Innovation in the supply chain is driving these companies toward the public floor.
- Amudi Foods Limited (U-n-Me): A high-visibility snack brand. Appointment of Global IME Capital as issue manager makes this a high-probability IPO for 2026.
- Mero Kishan Limited: Focusing on the "Farm-to-Table" supply chain.
- Yuwarani Agro Industries Limited: Export-oriented agro-processing.
- Shulav Mart Limited: A retail chain seeking to scale through public participation.
Energy, Investment & Services
- Eco Sunpower Development Limited: Part of the new wave of solar energy investments in Nepal.
- Brahma Jyoti Holdings Limited: A strategic holding company with interests in hydropower and infrastructure.
- Sopan Multiple Limited: A diversified entity with a strong footprint in healthcare and industrial oxygen.
- R.S.T.C.A. Investment Fund Limited: An institutional vehicle for structured investments.
- Unique Pharmaceutical Limited: A key player in the domestic medicine manufacturing sector.
- R.K.D. Holdings Limited: A diversified investment group with various subsidiary projects.
Why Track Pre-IPO Stocks?
Investing in companies before they hit the Nepal Stock Exchange (NEPSE) allows investors to:
- Capture Early Value: Enter at valuations often lower than the eventual market price.
- Strategic Positioning: Secure blocks of shares in companies like Goldstar or Nebico that may be highly oversubscribed during the General Public IPO.
- Support Innovation: Provide capital to Nepali entrepreneurs during their most critical growth phases.
Disclaimer: Trading in unlisted shares carries risk. Always conduct thorough due diligence or consult with financial advisors before making investment decisions. Warning: The companies listed here are unvetted.
This list is curated by Nepse Lightning, Nepal's First Pre-IPO & Unlisted Shares Marketplace.