Supermai Hydropower was established in 2071 and now in 2079, it is ready to go public by offering IPO to the Nepalese public.
It has been able to accumulate profits in FY 2076/77 and 2077/78 and also distributed dividends of 7.5% and 11.5% respectively.
Hydropower located in Ilam District operates and gets its name from Mai River which is currently operational and has an installed capacity of 9.6 MW.
Apply for Supermai Hydropower IPO in Nepal Opening Dates | Units and More
|Issue Manager||Sanima Capital Ltd.||–||–||–|
|Foreign||50,000||7th Dec 2022||21st Dec 2022||–|
|Local||5,00,000 (10%)||7th Dec 2022||21st Dec 2022||1st Jan 2022|
You can apply for Supermai Hydropower IPO through a meroshare account. You have to apply for a minimum of 10 units and a maximum of 20,000 shares per individual.
The company’s issued capital is Rs. 50 Crores and Sanima Capital Limited is appointed as the issue manager.
10% of the total stake worth 5 crores is allocated to locals who are impacted by the organization’s project in Illam District. And 10% will be issued to the general public which is 5,00,000 shares. Also, the workers abroad get 10% reservation from public shares which will be 50,000 units available valued at Rs 50,00,000.
Also Read: Upcoming IPOs in Nepal with Dates
IPO for General Public for Supermai Hydropower Ltd.
The company plans to rise 5 crores from the general public by selling a total of 10% of its shares which is 5,00,000 units.
You will be able to soon apply for this company’s share as soon as the locals are over.
IPO for Locals for Super mai Hydropower
IPO of Supermai Hydropower is open from 7th Dec to 21st December 2022 for the locals and foreign workers. It has reserved 5,00,000 units (10%) from the firm’s total share for locals and 10% from the public for foreign workers which is 50,000 shares.
Also if the IPO is not subscribed fully then the dates will be extended to 1st January 2022.
IPO for Foreign Employment Super-Mai Ltd
As stated in another article for a 10% reservation in IPO for Nepali workers abroad. Workers with a legal permit and remittance account can apply from 7th December 2022 to 21st December 2022.
There will be a total of 50,000 shares available for grabs which are 10% of the public allocation.
Rating of Supermai Hydropower Limited
ICRA Nepal a credit rating agency in Nepal has upgraded the issuer rating of Super Mai Hydropower Limited to [ICRANP-IR] BBB- (pronounced ICRA NP issuer rating triple B minus) from [ICRANP-IR] BB+ (pronounced ICRA NP issuer rating double B plus).
[ICRANP-IR] BBB- and [ICRANP] LBBB-/A3
Issuers with this rating are considered to have a moderate degree of safety regarding the timely servicing of financial obligations.ICRA Nepal’s rating on Super Mai Hydropower Limited