Supermai Hydropower Company to Issue 1:0.9252 Right Share | ERC Gives Pre-Approval
October 12, 2026 | Investopaper
Supermai Hydropower Company Limited (SMH) is planning to sell right shares to the shareholders.
The company has decided to issue right shares in the ratio 1:0.9252. This means that shareholders’ with 100 shares can apply for the additional 92.52 right shares.
For this purpose, Electricity Regulatory Commission (ERC) has given the pre-approval to the company.
As of Ashad’s end 2083 BS, Supermai Hydropower Company Limited has a paid-up capital of Rs. 64.2 crores. Hence, SMH has plans to float 59,40,000 shares in the right offering. At a par value of Rs 100, the right issue amounts to Rs 59.40 crores.
The company has appointed Machhapuchchhre Capital Limited as the issue and sales manager. An agreement has been reached between the company and Machhapuchchhre Capital on this regard.
Now, the hydro company should submit the application to the Securities Board Of Nepal (SEBON) seeking permission to float the shares. Only after the approval from the regulatory body SEBON, the company can sell shares to the public.
After the right issue, the paid-up capital will reach Rs. 123.6 crores.
The hydropower company is currently operating a 7.8 MW Super Mai Hydropower Project.
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