Suryakunda Hydroelectric Limited IPO Opens to the General Public from Today

Suryakunda Hydroelectric Limited has opened its Initial Public Offering (IPO) to the general public starting today, February 1, 2026 (Magh 18). The company had earlier completed IPO allotment for project-affected local residents and Nepalese working abroad, and has now moved to the second phase for public investors. In this phase, the company is issuing 572,431 ordinary shares at a face value of NPR 100 per share, amounting to a total issue size of NPR 57.24 million.

Out of the approved 1,379,350 shares, allocations were made for local residents, foreign-employed Nepalese, employees, and mutual funds, with the remaining shares now offered to the general public. Investors can apply for a minimum of 10 shares and a maximum of 50,000 shares. The IPO will close as early as February 4 (Magh 21) and no later than February 16 (Falgun 3), depending on the subscription status.

For the IPO issuance, CARE Ratings Nepal has assigned the company a ‘CARE NP BB-’ issuer rating, indicating a moderate level of risk in the company’s ability to meet its financial obligations. The company operates the 11 MW Upper Tadi Khola Hydropower Project, which has a total project cost exceeding NPR 2.36 billion, with a per-megawatt cost of approximately NPR 215.3 million. The project still has 26 years remaining under its generation license.

The issue and sales manager for the IPO is Kumari Capital Limited. Interested investors can apply through all C-ASBA member banks and financial institutions approved by the Securities Board of Nepal, as well as via the ‘Mero Share’ online platform developed by CDS and Clearing Limited.