Sanigad Hydro Limited is closing its Initial Public Offering (IPO) for the general public today, 21st Jestha, 2083. The company had opened the issue on 18th Jestha, 2083, offering shares at a face value of Rs. 100 per share.
The company has an issued capital of Rs. 2.85 billion, of which 30% or 85,50,000 shares have been allocated to the public. Earlier, 28,50,000 shares, representing 10% of the issued capital, were offered to project-affected locals of Bajhang District.
The remaining 57,00,000 shares were allocated for public investors. Out of this, 5,70,000 shares were reserved for Nepali citizens working abroad, 1,71,000 shares were set aside for employees of the company, and 2,85,000 shares were allocated to mutual funds. The remaining 46,74,000 shares were offered to the general public.
According to data from CDSC, the IPO has received overwhelming demand from investors. A total of 19,79,903 applicants have applied for 2,19,04,220 shares, making the issue oversubscribed by approximately 4.68 times.
LS Capital Limited is serving as the issue manager for the public offering. Investors were allowed to apply for a minimum of 10 shares and a maximum of 20,000 shares.
Sanigad Hydro Limited operates the 38.46 MW Upper Kalanga Gad Hydroelectric Project located in Bajhang District of Sudurpashchim Province. The company was initially incorporated as a private limited company in December 2007 and was converted into a public limited company in July 2021.
ICRA Nepal has recently upgraded the company's issuer rating to [ICRANP-IR] BB- from [ICRANP-IR] B+, indicating a moderate risk regarding the timely servicing of financial obligations.
IPO Details
| Particulars | Details |
|---|---|
| Company | Sanigad Hydro Limited |
| IPO Status | Closing Today |
| IPO Opening Date | 18th Jestha, 2083 |
| IPO Closing Date | 21st Jestha, 2083 |
| Face Value | Rs. 100 per Share |
| Issued Capital | Rs. 2.85 Billion |
| Total Public Issue | 85,50,000 Shares |
| Shares for Project-Affected Locals | 28,50,000 Shares |
| Total Shares for Public Category | 57,00,000 Shares |
| Reserved for Foreign Employed Nepalis | 5,70,000 Shares |
| Reserved for Employees | 1,71,000 Shares |
| Reserved for Mutual Funds | 2,85,000 Shares |
| Shares for General Public | 46,74,000 Shares |
| Total Applicants | 19,79,903 |
| Total Shares Applied | 2,19,04,220 Units |
| Oversubscription | 4.68 Times |
| Issue Manager | LS Capital Limited |
| Application Range | 10 to 20,000 Shares |
| Hydropower Project | 38.46 MW Upper Kalanga Gad Hydroelectric Project |
| Location | Bajhang District, Sudurpashchim Province |
| Latest Rating | ICRANP-IR BB- |
Deepak Bhatt And Shulabh Agarwal Remain In Custody
Businessmen Deepak Bhatt and Shulabh Agarwal remain in custody as authorities intensify investigations into alleged money laundering activities. The case continues to draw significant attention from Nepal’s financial sector.
Committee Seeks Hidden Asset Details Of Cooperative Operators
The Problematic Cooperatives Management Committee has requested information regarding undisclosed assets allegedly linked to cooperative operators under investigation, aiming to strengthen asset recovery efforts.
flydubai Interested In Pokhara International Airport Operations
flydubai has expressed interest in operating regular flights to Pokhara International Airport, potentially boosting international connectivity and tourism.
Nepal Rastra Bank To Withdraw Rs. 30 Billion From Banking System
Nepal Rastra Bank plans to withdraw Rs. 30 billion from the banking system in response to excess liquidity, aiming to improve monetary management and financial stability.
Tanahun Hydropower Dam Construction Reaches 50% Completion
Tanahun Hydropower Project has achieved a major milestone as dam construction reaches 50% completion, bringing the project closer to power generation.
Mount Everest Power IPO Allotment Completed For Locals
Mount Everest Power Development Limited has completed the allotment of IPO shares reserved for project-affected local residents.
Starlink Faces Regulatory Hurdles In Nepal
Starlink is reportedly seeking full ownership rights for launching services in Nepal, but discussions have encountered regulatory challenges related to licensing and ownership requirements.
SpaceX Reportedly Preparing Massive IPO
SpaceX is reportedly exploring a future public offering that could target a valuation of around $75 billion, potentially becoming one of the largest IPOs in recent years.
NRB To Absorb Rs. 30 Billion Through Deposit Auction
Nepal Rastra Bank will absorb Rs. 30 billion in liquidity through a 56-day deposit collection auction as part of ongoing monetary operations.
Shikhar Insurance Issues Claim Settlement Notice
Shikhar Insurance Company Limited has published a structured notice urging policyholders to complete necessary procedures for claim settlement processing.
NIFRA Promoter Shares Put Up For Sale
Nepal Infrastructure Bank Limited promoter shares totaling approximately 1.08 million units have been offered for sale.
Orient Insurance Requests Pending Documents
Orient Insurance Limited has requested policyholders to submit pending documents to facilitate timely claim settlement.
Karnali Leads Nepal’s Life Insurance Growth
Karnali Province recorded the highest growth in Nepal’s life insurance sector, highlighting increasing insurance penetration in the region.
Asian Life Insurance Offers Interest Waiver Scheme
Asian Life Insurance Company Limited has announced a policy revival campaign offering up to 100% interest waiver for eligible policyholders.
Banks Lower Deposit Rates Amid Excess Liquidity
Commercial banks in Nepal have reduced deposit rates below the previous floor rate as excess liquidity continues to pressure the banking sector.
MetLife Bangladesh Installs Solar Power System
MetLife Bangladesh has installed a 104-kW solar power system at its head office, supporting sustainability and renewable energy initiatives.
Miteri Development Bank Announces Promoter Share Sale
Miteri Development Bank Limited has announced the sale of promoter shares, providing an opportunity for eligible investors.
Himalayan Power Partner Rights Share Allotment Completed
Himalayan Power Partner Limited has completed the allotment of its recently issued rights shares.
Machhapuchchhre Bank Preference Shares Listed On NEPSE
Machhapuchchhre Bank Limited preference shares have been listed on NEPSE, expanding investment opportunities in the banking sector.
NMB Bank Preference Shares Listed On NEPSE
NMB Bank Limited preference shares have officially begun trading on NEPSE.
NEPSE Lists NMB Bank Cumulative Preference Shares
Nepal Stock Exchange has listed non-redeemable cumulative preference shares issued by NMB Bank Limited.
Citizens Bank Promoter Share Sale Notice Published
Citizens Bank International Limited has issued a notice regarding the sale of promoter shares.
West Seti 400 kV Transmission Line Project Advances
The West Seti transmission line project continues to progress and is expected to play a crucial role in Nepal’s future power transmission network.
Nepal Rastra Bank Foreign Exchange Rates Update
Nepal Rastra Bank has released updated foreign exchange rates covering major international currencies.
Wealth Orbit Center – Global Markets & Investment Tools
📈 Largest Companies in USA – Live Prices & Charts
🇨🇳 Largest Companies in China – Market Cap Rankings
🇦🇺 Largest Companies in Australia – Live Market Data
💹 Live Cryptocurrency Screener
📊 Access global stocks, crypto markets, forex data, company rankings, live charts, and investment research tools from Wealth Orbit Center.