Super Khudi Hydropower Limited has opened its Initial Public Offering (IPO) from today. In the first phase, the company has issued IPO shares for local residents of the project-affected area and Nepali citizens working abroad.
The company has received approval from the Securities Board of Nepal to issue 2 million ordinary shares with a face value of Rs 100 per share, amounting to a total of Rs 200 million.
Out of the shares allocated for the general public, 10 percent of the issued capital—equivalent to 1.55 million shares worth Rs 155 million—has been set aside for local residents of the project-affected area and Nepalis employed overseas.
Eligible applicants from the project-affected area and Nepalis working abroad can apply for a minimum of 10 shares and a maximum of 100,000 shares.
For local residents of the project-affected area, the IPO will close as early as Magh 6 and no later than Magh 21. For Nepalis working abroad, applications can be submitted from as early as Poush 25 until Magh 6.
Local residents can apply through the Besishahar branches of Prabhu Bank, Global IME Bank, Agricultural Development Bank, and Prime Commercial Bank, as well as the Bhulbhule branch of Himalayan Bank.
Nepalis working abroad can apply through all ASBA member banks and financial institutions approved by the Securities Board of Nepal and their designated branches, as well as through the “Mero Share” online system.
Global IME Capital has been appointed as the issue and sales manager for the IPO. After completing the first phase for local residents and Nepalis working abroad, the company plans to issue IPO shares for the general public in the second phase.
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