Kathmandu — Sanigad Hydro Limited has opened its Initial Public Offering (IPO) for the general public from today (Jestha 18). The company is issuing shares after completing allocations for project-affected locals and Nepali workers abroad.
The company had received approval to issue shares worth 30% of its total issued capital of Rs. 2.85 billion, which equals 8.55 million shares. Out of this, shares have already been allotted to different groups before opening the public issue.
IPO Allocation Details
- 2.85 million shares allocated to project-affected locals in Bajhang district
- 570,000 shares allocated to Nepali citizens working abroad
- 171,000 shares reserved for company employees
- 285,000 shares reserved for mutual funds
After these allocations, the remaining 4.674 million shares are now open for the general public at a face value of Rs. 100 per share.
Application Details
Investors can apply for a minimum of 10 shares and up to a maximum of 20,000 shares. The IPO closing date is Jestha 21, and if not fully subscribed, it may be extended until Ashadh 1, 2083.
Credit Rating
The IPO has received an issuer rating of ICRANP-IR BB- from ICRA Nepal, indicating a moderate level of risk in meeting financial obligations.
Project Overview
Sanigad Hydro operates the 38.46 MW Upper Kalanga Gad Hydropower Project in Bajhang district. Key financial details include:
- Total project cost: Rs. 8.68 billion
- Cost per MW: Rs. 22.58 million
- Simple payback period: 8.25 years
- Discounted payback period: 14.69 years
- Remaining license period: 25 years and 3 months
Issue Manager
The IPO is being managed by Laxmi Sunrise Capital Limited. Applications can be submitted through the C-ASBA system via approved banks and financial institutions authorized by the Securities Board of Nepal.
The IPO gives retail investors another opportunity to invest in Nepal’s hydropower sector as the country continues expanding its renewable energy base.
Excise Duty Increased On Junk Food, Soft Drinks, Tobacco And Alcohol
The FY 2083/84 budget has increased excise duties on junk food, soft drinks, tobacco products, and alcoholic beverages. The government says the move aims to improve public health while generating additional revenue.
Swarnim Wagle Faces Questions He Once Asked Others
Swarnim Wagle finds himself facing the same policy and budget-related questions he previously directed toward government officials. The article examines the political and economic implications of the latest budget debate.
Government Bans Red Plate Motorcycles And Scooters From Ride-Sharing Services
The government has announced a ban on the use of red-plate private motorcycles and scooters in ride-sharing services. The decision is expected to affect thousands of riders operating through digital ride-hailing platforms.
Gold Price Jumps By Rs. 20,500 Per Tola After Budget Tax Hike
Gold prices in Nepal surged sharply following the government's decision to increase taxes on gold imports. The sudden rise has significantly impacted jewelry traders and consumers.
G.D. Pharmaceuticals Calls Special General Meeting For IPO Approval
G.D. Pharmaceuticals has announced a Special General Meeting to seek shareholder approval for its proposed Initial Public Offering (IPO). The move marks a significant step toward entering Nepal’s capital market.
Himalayan Bank Launches Nepal’s First UnionPay RMB Card
Himalayan Bank Limited has launched Nepal’s first UnionPay RMB Card, enabling seamless transactions and payments in China. The service is expected to benefit travelers, students, and businesses engaged with China.
Dordi Khola Hydropower To Seek Approval For Rights Share Issue
Dordi Khola Jal Bidyut Company Limited has called a Special General Meeting to approve a proposed rights share issuance. The company plans to raise additional capital for its future projects and financial obligations.
Nepal Launches New Social Security Reform Campaign
The government has introduced a new social security reform initiative under the slogan “Let Those Who Can Leave, Let Those Who Cannot Join.” The campaign aims to strengthen and expand participation in Nepal’s social security system.
Nepal Introduces Infrastructure Investment Fee On Electric Vehicles
The government has introduced an infrastructure investment fee of up to 20% on electric vehicles, marking a major shift in Nepal’s EV taxation policy. The measure has generated significant discussion among consumers and industry stakeholders.
Nepal Delays LDC Graduation By Two Years
Nepal has decided to postpone its graduation from Least Developed Country (LDC) status by two years. The government aims to ensure a smoother economic transition and reduce potential trade-related challenges.
Budget 2083/84 Brings Relief For Share Investors And Taxpayers
The FY 2083/84 budget includes several measures designed to benefit stock market investors and individual taxpayers, boosting confidence across Nepal’s investment community.
Intraday Trading, Short Selling And Derivatives Coming To Nepal
Major capital market reforms announced in the budget include the introduction of intraday trading, short selling, and derivative products. These measures are expected to modernize Nepal’s capital market.
Government To Sell Stake In Nepal Telecom
Nepal Telecom will partially open ownership to the public while the government retains a 66% controlling stake. The move aims to increase market participation and efficiency.
Nepal’s Tax System Sees Major Reform
The budget introduces comprehensive reforms to Nepal’s tax framework, affecting individuals, businesses, investors, and various industries.
Credit Score-Based Lending System To Replace Heavy Collateral Dependence
Nepal plans to implement a credit score-based lending system, allowing banks and financial institutions to evaluate borrowers using credit history rather than relying heavily on collateral.
Sovereign Wealth Fund And AI Compute Center Announced
The government has unveiled plans to establish a Sovereign Wealth Fund and a national AI Compute Center as part of its long-term economic modernization strategy.
Public Share Sale Planned For Rastriya Beema Company And Bishal Bazar
The government intends to sell shares of Rastriya Beema Company and Bishal Bazar Company to the public, expanding investment opportunities in state-owned enterprises.
Pokhara And Gautam Buddha Airports To Operate Under PPP Model
Pokhara International Airport and Gautam Buddha International Airport will be operated under a Public-Private Partnership (PPP) model to improve efficiency and attract investment.
Capital Gains Tax On Share Trading Declared Final Tax
The government has officially declared capital gains tax on listed share transactions as a final tax, simplifying taxation procedures for stock market investors.