Upper Hewakhola Hydropower’s Lock-in Period Set to Expire on Ashadh 31 (July 16, 2025)
Upper Hewakhola Hydropower Company Limited (UHEWA) has announced that the lock-in period for its promoter shares, shares held by local residents of the project-affected area, and employee shares will officially end on Ashadh 31, 2082 (July 16, 2025).
This means that these shareholders who have been holding on to their shares for the past three years will now be able to sell them on the secondary market.
What is a Lock-in Period?
After a company issues its IPO, some shareholders like promoters, company employees, and project-affected locals aren’t allowed to sell their shares immediately. In Nepal, for sectors like hydropower, this lock-in period usually lasts for three years. It’s a rule made to avoid sudden selling pressure and to keep the company’s stock stable in the early years.
Breakdown of Locked-In Shares
Upper Hewakhola Hydropower has a total of 5,000,000 shares listed on the Nepal Stock Exchange (NEPSE). Out of these, 3,000,000 shares were held by promoters, 500,000 shares were allocated to local residents of the project-affected area, and 30,000 shares were distributed to employees. These shares have been under a mandatory three-year lock-in period since the IPO allotment.
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