Super Khudi Hydropower IPO Opens for General Public from Falgun 4

Super Khudi Hydropower Limited has announced that it will issue its Initial Public Offering (IPO) to the general public from Falgun 4. The company is opening the IPO after completing the allotment for project-affected local residents and Nepali workers abroad.

The company received approval to issue 31 million shares worth NPR 310 million, representing 20% of its issued capital of NPR 1.55 billion. Out of these, 1.55 million shares were allotted to local residents, and 155,000 shares were allocated to Nepalis working abroad. Additionally, 77,500 shares have already been distributed to mutual funds.

In the second phase, the company has reserved 31,000 shares for employees and will issue the remaining 1,286,500 ordinary shares to the general public at a face value of NPR 100 per share, totaling NPR 128.65 million.

Investors can apply for a minimum of 10 shares and a maximum of 100,000 shares. The IPO will close early on Falgun 10 and, if fully unsubscribed, will remain open until Falgun 19.

According to Care Ratings Nepal, the company has received a CARE-NP Double B issuer rating, indicating a moderate level of risk in meeting its financial obligations.

The company operates a 26 MW Upper Khudi Hydropower Project with a total investment cost of NPR 5.38 billion. The per-megawatt cost exceeds NPR 206 million. The project holds a power generation license valid for another 27 years and 5 months. The simple payback period is 7.21 years, while the discounted payback period stands at 13.42 years.

The issue and sales manager for the IPO is Global IME Capital Limited. Interested investors can apply through the C-ASBA system via banks and financial institutions authorized by the Nepal Securities Board.