Super Khudi Hydropower Opens IPO Applications from Today
Super Khudi Hydropower has opened IPO applications for project-affected locals and foreign-employed Nepalis, marking the first phase of its public issue.
Super Khudi Hydropower Limited has opened applications for its initial public offering (IPO) from Tuesday, targeting project-affected local residents and Nepalis employed abroad in the first phase of its share issuance.
The company has received approval to issue 20% of its issued capital of Rs 1.55 billion, equivalent to 3.1 million ordinary shares with a face value of Rs 100 each. Of the total offering, 1.55 million shares worth Rs 155 million are being allocated to project-affected local residents.
Within the local allocation, 40% of the shares, or 620,000 units, have been reserved for residents of Marsyangdi Rural Municipality wards 2 and 3 in Lamjung district, while the remaining 60%, or 930,000 shares, are earmarked for residents of wards 1, 4, 5, 6, 7, 8, and 9.
In addition, 155,000 shares—representing 10% of the portion allocated for the general public—are being offered to Nepalis working abroad who hold labor approval from relevant government authorities.
Investors may apply for a minimum of 10 shares and a maximum of 100,000 shares. The IPO for project-affected locals will close on Magh 6 if fully subscribed, with a final deadline of Magh 21. For foreign-employed Nepalis, the issue will close on Poush 25 at the earliest and Magh 6 at the latest.
For the IPO, CARE Ratings Nepal has assigned the company a CARE-NP BB issuer rating, indicating a moderate level of risk in meeting financial obligations.
Super Khudi Hydropower operates the 26-megawatt Upper Khudi Hydropower Project, which has an estimated total cost of Rs 5.38 billion. The project holds a generation license valid for another 27 years and five months, with a simple payback period of 7.21 years and a discounted payback period of 13.42 years.
The issue is being managed by Global IME Capital Limited. Local residents can submit applications through designated branches of Prabhu Bank, Global IME Bank, Agricultural Development Bank, Prime Commercial Bank in Besishahar, and Himalayan Bank’s Bhulbhule branch. Foreign-employed Nepalis may apply through the C-ASBA system via SEBON-approved banks and financial institutions.