Super Khudi Hydropower Limited has commenced the issuance of its Initial Public Offering (IPO) from Poush 22. The IPO has been issued specifically for local residents of the project-affected area and Nepalis employed abroad. Out of the company’s issued capital of Rs 1 arba 55 crore, approval has been granted to issue 20 percent, equivalent to Rs 31 crore, through 31 lakh shares. Of this, 15 lakh 50 thousand ordinary shares have been reserved for local residents of the project-affected area, with 40 percent (6 lakh 20 thousand shares) allocated to residents of Marsyangdi Rural Municipality wards 2 and 3, and the remaining 60 percent (9 lakh 30 thousand shares) allocated to residents of wards 1, 4, 5, 6, 7, 8, and 9. Similarly, 10 percent of the total IPO, equivalent to 1 lakh 55 thousand shares, has been set aside for Nepalis working abroad, who must have already obtained labor approval from the relevant government authority. Applicants can apply for a minimum of 10 shares and a maximum of 1 lakh shares. The application period for local residents will remain open from Magh 6 to Magh 21, while the application window for Nepalis working abroad will be from Poush 25 to Magh 6. The company has received a CARE-NP Double B issuer rating from CARE Ratings Nepal, indicating a moderate level of risk in meeting its financial obligations. The issue and sales manager for the IPO is Global IME Capital Limited. Local residents can submit applications through Prabhu Bank, Global IME Bank, Agricultural Development Bank, Prime Commercial Bank (Besisahar Branch), and Himalayan Bank (Bhulbhule Branch), while Nepalis working abroad can apply via C-ASBA through banks and financial institutions approved by the Nepal Securities Board. Local applicants are required to pay an application fee of Rs 2, and the IPO application process will be open after 10:00 AM.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
