Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: Super Khudi Hydropower Limited is set to issue its Initial Public Offering (IPO) to the general public starting Falgun 4, marking the second phase of its share issuance under Nepal’s primary market expansion in the hydropower sector.
The company had earlier received regulatory approval to issue shares worth 20 percent of its issued capital of Rs 1.55 billion, equivalent to 3.1 million shares valued at Rs 310 million. In the first phase, 1.55 million shares were allocated to project-affected local residents, while 155,000 shares were distributed to Nepali citizens working abroad. Additionally, 77,500 shares have already been allotted to mutual funds.
In the second phase, the company has reserved 31,000 shares for its employees. The remaining 1,286,500 ordinary shares, worth Rs 128.65 million at a par value of Rs 100 per share, will now be offered to the general investing public.
Investors will be able to apply for a minimum of 10 shares and a maximum of 100,000 shares. The IPO will close at the earliest on Falgun 10 and at the latest on Falgun 19, depending on subscription levels.
Global IME Capital Limited has been appointed as the issue and sales manager. The offering comes amid growing investor interest in Nepal’s hydropower and renewable energy sector, which remains a key focus area for domestic capital market development and energy infrastructure investment.
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