Suryakunda Hydro Electric Closing IPO to Locals from Today
January 7, 2026 | Investopaper
Suryakunda Hydro Electric Limited is currently issuing shares to the 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 Poush 9, 2082 BS.
The company is floating 6,89,675 shares to the locals of the project affected areas of the Nuwakot district (Dupcheshwor Rural Municipality). Due to full-subscription, the IPO to locals of project affected areas will close on Poush 23, 2082 BS.
Interested eligible locals can subscribe for a minimum of 10 shares and a maximum of 50,000 shares.
Ealier, the company had also issued 68,967 shares (10 percent of general public’s quota) to the foreign employed Nepalis from Poush 9, 2082 BS. The IPO to foreign employed Nepalis was closed on Poush 14, 2082 BS. Interested foreign employed Nepalis can apply for a minimum of 10 shares and a maximum of 50,000 shares.
After the first phase, the hydropower will sell shares to the general public, including the mutual fund schemes and the employees of the company in the second phase of IPO.
In total (including the first and second phase), the company is planning to float 13,79,350 unit shares at the par value of Rs. 100 in the public offering. Hence, the public issue amounts to Rs. 13.79 crores.
For this purpose, Securites Board of Nepal (SEBON) has given the permission to the company on Mangsir 25, 2082 BS. The company had submitted the application to the board on Ashad 4, 2081 BS. Only after receiving the approval from the regulatory body, the company can float the shares to the public.
The company has appointed Kumari Capital Limited as the issue and sales manager. The agreement for public offering was signed between the company and Kumari Capital Limited on this regard. Satish Neupane, Chairman of Suryakunda Hydro Electric Limited and Pushpa Sharma, CEO of Kumari Capital inked the agreement.
After the IPO, the general public (along with locals of the project-affected areas) will possess 20 percent stake in the company while the promoters will hold the remaining 80 percent.
About Suryakunda Hydro Electric Limited
Suryakunda Hydro Electric Limited is currently operating Upper Tadi Khola Hydropower Project in Dupcheswar Rural Municipality of Nuwakot District. The project is a run-of-river type project with an installed capacity of 11 MW.
The estimated cost of the project is Rs. 236 crores, out of which the banks have provided loan financing of Rs. 156.7 crores.
The company is mainly promoted by Api Power Company Limited.
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