Sanigad Hydro Limited has announced that it will open its Initial Public Offering (IPO) for the general public starting May 28. The company plans to issue a total of 4.674 million ordinary shares to retail investors.

The IPO will be offered at a face value of Rs. 100 per share. Investors will be able to apply for a minimum of 10 shares and a maximum of 20,000 shares.

According to the company, the IPO subscription period will close on June 3 if fully subscribed early. Otherwise, the issue will remain open until June 11.

The issue and sales manager for the IPO is Laxmi Sunrise Capital Limited. General investors can submit their applications through C-ASBA member banks and financial institutions approved by the Securities Board of Nepal. Applications can also be submitted through the C-ASBA system via designated branches and online platforms.

Hydropower IPOs continue to attract strong interest from retail investors in Nepal, with public offerings in the sector often receiving heavy oversubscription.