IPO of Super Madi Hydropower in SEBON's Pipeline

The IPO proposal of Super Madi Hydropower Limited (SMHPL) is in SEBON's pipeline.

The company has submitted a proposal to the capital market regulator to issue a total of 31,50,000 unit shares. This will raise Rs. 31.50 crores for the company.

The application was submitted on Ashad 15. Sanima Capital has been appointed as the issue manager for the public offering.

Super Madi Hydropower Limited is a Public limited company, incorporated on January 16, 2009. The company is developing 44 MW run of-river, Super Madi Hydropower Project (SMHP) in Kaski district of Nepal. The project is proposed to utilize available head and flow from Madi Khola (river). The project is constructed under BOOT (Build, own, Operate and Transfer) mechanism.