Sanigad Hydropower Opens IPO for Locals and Foreign-Employed Nepalis

Sanigad Hydropower has opened its initial public offering (IPO) from Chaitra 08, targeting project-affected locals in Bajhang District and Nepalese citizens working abroad, as part of its capital mobilization strategy.

In the first phase, the company is issuing 28,50,000 shares, representing 10% of its issued capital, to local residents of the project-affected area. Of this allocation, 18,52,500 shares have been reserved for highly affected communities in Bungal Municipality wards 1, 2, and 4, while the remaining 9,97,500 shares are allocated to residents of wards 3, 5, 6, 7, 9, 10, and 11.

Separately, the company has allocated another 28,50,000 shares-also equivalent to 10% of its issued capital—for Nepalese citizens working abroad. This dual allocation structure highlights the company’s effort to balance local participation with diaspora investment.

Eligible applicants can apply for a minimum of 10 shares and up to 20,000 shares. For project-affected locals, the application window will remain open until Chaitra 22 at the earliest, while the IPO for foreign-employed Nepalis will close on Chaitra 11.

Local investors can submit applications through designated banking channels, including Laxmi Sunrise Bank’s Chainpur branch, Global IME Bank, Rastriya Banijya Bank, and Agriculture Development Bank branches in Bajhang, as well as the company’s power house in Bungal. Nepalis abroad can apply through ASBA-approved banks, financial institutions, and their designated branches, as well as via the CDSC-operated Mero Share platform.

Laxmi Sunrise Capital Limited has been appointed as the issue manager for the IPO, overseeing the share issuance and subscription process