Super Khudi Hydropower Limited to Issue IPO, Application Process Starts from Poush 22

Kathmandu, Poush 21 – Super Khudi Hydropower Limited has announced that it will begin the issuance of its Initial Public Offering (IPO) from Poush 22. The company will be issuing the IPO to the affected local residents of the project and Nepali citizens working abroad, after obtaining labor approval from the relevant authorities of the Nepal Government.

The company has received approval from the Securities Board of Nepal (SEBON) to issue a total of 3.1 million shares at a price of NPR 100 per share. Of the total shares, 1.52 million shares have been allocated for the local residents affected by the project, and 155,000 shares will be allocated for Nepali citizens working abroad.

For the affected local residents, 620,000 shares have been allocated for the residents of wards 2 and 3 of Masryangdi Rural Municipality in Lamjung (previously known as Ghanpokhara and Khudi VDCs). The remaining 930,000 shares will be available for the residents of other wards of Masryangdi Rural Municipality, as well as the surrounding areas of Ghirmu, Bahundanda, Bhulbhule, Simpani, and Taalghring.

The application process for the IPO will begin on Poush 22. Local residents affected by the project will be able to apply from Poush 22 to Magh 6. Nepali citizens working abroad will have until Poush 29 to submit their applications. If sufficient applications are not received within the specified period, the company has stated that the application period may be extended.

Affected local residents can apply through the following branches: Prabhu Bank, Global IME Bank, Agriculture Development Bank, Prime Commercial Bank's Besisahar branch, and Himalayan Bank's Bhulbhule branch. Nepali citizens working abroad can apply through SEBON-approved banks and financial institutions, as well as the "Mero Share" system.

Global IME Capital Limited is responsible for managing the IPO issuance and sales process.

This IPO represents a significant opportunity for both the affected local residents and Nepali citizens working abroad to invest in the growth of the company and the hydropower project.