Suryakund Hydro Electric Limited has opened the issuance and sale of its initial public offering (IPO) from Poush 9, allocating shares to project-affected local residents and Nepalis employed abroad.

The company has received approval to issue 20% of its issued capital, equivalent to 1.379 million ordinary shares with a face value of Rs 100 each, amounting to Rs 137.9 million. As part of this phase, 689,675 shares—representing 10% of the issued capital—have been reserved for residents of the project-affected area in Dupcheshwar Rural Municipality of Nuwakot district.

In addition, 68,967 shares, equal to 10% of the shares allocated for the general public, have been set aside for Nepalis working overseas who have obtained labor approval from relevant government authorities.

Applications must be submitted for a minimum of 10 shares and can go up to a maximum of 50,000 shares. For local residents, the issue will close on Poush 23 if fully subscribed, with a final deadline of Magh 8. Applications from foreign-employed Nepalis will close on Poush 14, with a possible extension to Poush 23 if demand is insufficient.

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.

Suryakund Hydro is developing the 11-megawatt Upper Tadi Khola Hydropower Project, which has a total estimated cost of Rs 2.36 billion. The project carries a remaining license period of 26 years, with a simple payback period of 7.71 years and a discounted payback period of 16 years.

The issue is being managed by Kumari Capital Limited. Local residents can apply through designated bank branches and project offices, while foreign-employed Nepalis may apply via the C-ASBA system through approved banks or the Mero Share online platform operated by CDS and Clearing Limited.