Sanigad Hydro Closing IPO to General Public from Today
June 4, 2026 | Investopaper
After the first phase, Sanigad Hydro Limited is currently issuing the shares to the general public in the second phase of an initial public offering (IPO). The IPO to general public is open from Jestha 18, 2083 BS.
The company is selling 46,74,000 shares at Rs. 100 per share to the general public.
Interested investors can apply for a minimum of 10 shares and a maximum of 20,000 shares.
The public offering will close on Jestha 21, 2083 BS.
The company has allotted 2,85,000 shares to the mutual fund schemes and has reserved 1,71,000 shares to the employees of the company.
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.
First Phase: IPO To Locals & Foreign Employed Nepalis
In the first phase of the IPO, the company had sold the shares to the locals of the project affected areas and to the Nepalis in foreign employment from Chaitra 8, 2082 BS.
The company floated 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 was close on Chaitra 25, 2082 BS. Interested eligible locals ccould 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.
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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