IPO Proposal of Samyukta Urja Added to SEBON's Pipeline

The IPO proposal of Samyukta Urja Limited (SUL) has been added to SEBON's pipeline.

Samyukta Urja has submitted a proposal to issue 41.60 lakhs shares at a par value of Rs. 100 per share. This IPO issue will generate Rs. 41.60 crore for the company.

Laxmi Sunrise Capital Limited has been appointed the issue manager for this issue.

It is only after the approval from the regulatory board SEBON, the company can float the shares to the local and the general public.

CARE Ratings Nepal Limited (CRNL) has assigned the issuer rating of ‘CARE-NP BB (Is)’ to Samyukta Urja Limited (SUL). Issuers with this rating are considered to offer moderate risk of default regarding timely servicing of financial obligations, in Nepal. CRNL has also reaffirmed the rating of ‘CARE-NP BB’ assigned to the long-term bank facilities and assigned the rating of
‘CARE-NP A4’ to the short-term bank facilities of SUL.

Samyukta Urja Limited (SUL), incorporated on November 14, 2018 as private limited company and later converted to public limited company on July 14, 2023, is involved in setting up of a 21.30 MW Thulo Khola Hydropower Project (TKHP) in Gandaki Pradesh of Nepal. The project will be constructed under BOOT (Build, own, Operate and Transfer) mechanism.