Kathmandu: Sanigad Hydro Limited is set to open its Sanigad Hydro IPO from March 23, 2026, targeting locals of the project-affected areas and Nepali citizens working abroad.
The company plans to issue 30 percent of its issued capital worth Rs 2.85 billion. Accordingly, it will issue 8,550,000 units of shares worth Rs 855 million to the public.
Out of the total shares, 2,850,000 units worth Rs 285 million have been allocated for locals of the affected areas. Among them, 1,852,500 shares are reserved for residents of the most affected wards 1, 2, and 4 of Bungal Municipality in Bajhang district. The remaining 997,500 shares will be distributed to residents of wards 3, 5, 6, 7, 10, and 11 of the municipality.
Similarly, the company will issue 570,000 shares worth Rs 57 million to Nepali citizens working abroad, which represents 10 percent of the general public quota.
Investors can apply for a minimum of 10 shares and a maximum of 20,000 shares.
For locals of the affected areas, the Sanigad Hydro IPO will close early on April 5 and at the latest by April 20 if the issue is not fully subscribed. For foreign migrant workers, the Sanigad Hydro IPO will close early on March 25 and at the latest by April 5.
ICRA Nepal has assigned the company a BB rating, indicating moderate investment risk.
Laxmi Sunrise Capital Limited has been appointed as the issue manager. Local residents can apply from the Chainpur branch of Laxmi Sunrise Bank, as well as the Bajhang branches of Global IME Bank, Rastriya Banijya Bank, and Agriculture Development Bank. Applications can also be submitted at the company’s powerhouse office in Birabagar, Bungal Municipality.
Meanwhile, Nepali citizens working abroad can apply through all C-ASBA-approved banks and financial institutions or via the Meroshare system.
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