Super Madi Hydropower Limited has announced its Initial Public Offering (IPO) of 17,43,000 shares, valued at Rs 100 each, with a total collection goal of Rs 17.43 crore. The IPO will be available to the general public starting on 9th Magh, 2079, with an early closing date of 12th Magh, 2079 and the potential for extension until Magh 23, 2079 if not fully subscribed.

210,000 shares have been allocated to Nepalese citizens working abroad, 42,000 to the company’s employees, and 105,000 to mutual funds, while the remaining 17,43,000 shares are for the general public. The IPO will raise the company’s paid-up capital to Rs 2.10 Arba.

Sanima Capital Limited has been appointed as the issue manager for the IPO. The minimum investment is 10 shares and the maximum investment is 50,000 shares.

ICRA Nepal has assigned an issuer rating of [ICRANP-IR] BB to Super Madi Hydropower Limited, indicating moderate risk of default on financial obligations.

Super Madi Hydropower IPO Details

Company NameSuper Madi Hydropower Limited
IPO Open DateMagh 9
IPO Close DateMagh 12
No. of Shares (General Public)17,43,000
No. of Shares (Employees)42,000
No. of Shares (Mutual Funds)1,05,000
Issue managerSanima Capital
ICRA Rating[ICRANP-IR] BB

About Company

The Super Madi Hydroelectric Project is located in Kaski District, in the Western Development Region’s Gandaki Zone. The project is situated in the Namarjun and Parche Village Development Committees of Kaski District, and is about 23 km northeast of Pokhara. It utilizes the flow of the Madi River and has a proposed installed capacity of 44MW, with a total cost of Rs. 8.35 Arba. The generated electricity will be connected to the Integrated Nepal Power System through a 22km long transmission line, and the annual net energy production is 243 GWh.


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