Super Madi IPO Open in Nepal for Locals and Workers

Super Madi Hydropower Ltd. IPO is open for all project-affected locals and Nepalese foreign workers from 6th to 20th December 2022.

The IPO is currently not available for the General public, it will be available for purchase as soon as the date of the application for Locals and Foreign workers is Over.

Super Madi Hydropower IPO Open in Nepal for Locals and Workers

CompanySuper Madi Hydropower Ltd.
Issue managerSanima Capital Limited
Issue TypeLocals | Foreign Workers
Total Capital21,000,000 Units
Total Issue (Locals)1,050,000 Units (5%)
General Public210,0000 Units
Foreign Workers21,00,00 unit
Issue Open Date6th December 2022 10:00 AM
Issue Closing Date20th December 2022 5:00 PM
Minimum Unit10
Maximum Unit50000

Super Madi Hydropower has an issued capital of Rs. 2.10 Arba and they plan to rise 10.5 crores from the project-affected locals of Madi VDC, Kaski District.

The public of Nepal gets a total of 10% from SMHL’s issued capital which is 2,100,000 Units, and the application for IPO will be opened very soon.

From the pubic issue, another 10% will be allocated for Nepalese foreign works which are 2,10,000 units.

Both Locals and Workers can apply a minimum of 10 units and a maximum of 50,000 units of shares. Sanima Capital Limited has been appointed as the issue manager.

Rating for Supermadi Hydropower by ICRA Nepal

ICRA Nepal rated SMHL on November 22, 2021, as [ICRANP-IR] BB which is pronounced ICRA NP issuer rating double B.

Press Release of Super Madi Hydropower IPO

Super Madi Hydropwer IPO Open in Nepal | Credit: Sharemandu
Super Madi Hydropwer IPO Open in Nepal | Credit: Sharemandu

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