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Sanigad Hydro Limited has published an offer letter to issue an Initial Public Offering (IPO) to the project-affected locals of Bajhang District and Nepalese citizens working abroad.

The IPO issue for the locals of Bajhang District will open from 22nd March to 5th April, 2026, with a possible extension till 20th April, 2026, if not fully subscribed by the early closing date, while for Nepalese citizens working abroad, the issue will open from 22nd March to 25th March, 2026, and may be extended till 5th April, if undersubscribed.

The company’s issued capital is Rs. 2.85 Arba. Of this, 30%, i.e., 85,50,000 unit shares, will be issued to the public. Out of the total issue capital, 10%, amounting to 28,50,000 unit shares worth Rs. 28.50 Crores, will be allocated to project-affected locals in Bajhang District. The remaining 20% of the issued capital, i.e., 57,00,000 unit shares, will be offered to the general public.

Of this general public issue, 10% of 57,00,000, a total of 5,70,000 unit shares, have been set aside for Nepalese citizens working abroad, and the issue for this category will open on the date mentioned above.

For the project-affected locals, the minimum application quantity to be applied is 10 units, while the maximum quantity is 20,000 units. For Nepalese citizens working abroad, the minimum application quantity is 10 units, and the maximum is 20,000 units.

Sanima Capital Limited has been appointed the issue manager for the public offering.

ICRA Nepal has upgraded the issuer rating of Sanigad Hydro Limited (SHL or the company) to [ICRANP-IR] BB- (pronounced ICRA NP issuer rating double B Minus) from [ICRANP-IR] B+ (pronounced ICRA NP issuer rating B Plus). Issuers with this rating are considered to have a moderate risk of default regarding the timely servicing of financial obligations.

Sanigad Hydro Limited (SGHL) was incorporated in December 2007 as a private limited company, and later converted into a public limited company on July 14, 2021. The company commissioned its 38.46 MW Upper Kalanga Gad hydro-electric project in Bajhang district, Sudurpaschim Province of Nepal.

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