Sanigad Hydro Closing IPO to Locals from Today
April 8, 2026 | Investopaper
Sanigad Hydro Limited is currently issuing the shares to the general public (IPO).
In the first phase of the IPO, the company is selling the shares to the locals of the project affected areas and to the Nepalis in foreign employment from Chaitra 8, 2082 BS.
The company is floating 28,50,000 shares to the locals of the project affected areas of the Bajhang district. Due to full-subscription, the IPO to locals of project affected areas will close on Chaitra 25, 2082 BS.
Interested eligible locals can subscribe for a minimum of 10 shares and a maximum of 20,000 shares.
Earlier, the company had also issued 5,70,000 shares (10 percent of general public’s quota) to the foreign employed Nepalis from Chaitra 8, 2082 BS. The IPO to foreign employed Nepalis was closed on Chaitra 11, 2082 BS. Interested foreign employed Nepalis could apply for a minimum of 10 shares and a maximum of 20,000 shares.
For this purpose, Securities Board of Nepal (SEBON) has given the approval to the company on Falgun 26, 2082 BS. Only after the approval from the regulatory body SEBON, the company can sell shares to the public.
In the first phase, the company will issue shares to the locals of the project affected areas and foreign employed Nepalese. Likewise, in the second phase, the hydropower will float shares to the general public, including the employees of the company and the mutual fund schemes.
In total (including the first and second phase), the company plans to sell 85.50 lakh shares at Rs. 100 in the public offering (IPO). Hence, the public issue amounts to Rs. 85.50 crores.
Laxmi Sunrise Capital Limited is the issue and sales manager for the IPO.
About Sanigad Hydro Limited
Sanigad Hydro Limited was incorporated on December 2007 as a private limited company. Later, it was transformed into a public company to ensure public participation in the company.
At present, the major promoters of the company include Shiva Shankar Investment Pvt. Ltd. (~17% stake), Alpha Plus Vision Fund (~13% stake), Sanigad Hydro Investment Pvt. Ltd. (~12% stake), Jalanjali Investment Pvt. Ltd. (~10% stake), Barun Investment Pvt. Ltd. (~10% stake) among others.
The company is currently operating Upper Kalanga Gad Hydroelectric Project in Bajhang district. The project is a run-off-river type project with an installed capacity of 38.46 MW.
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