Suryakunda Hydro Electric Limited Closing 68,967 Units IPO Shares to Foreign Nepalese Immigrants From Today
Mon, Dec 29, 2025 9:02 AM on Latest, IPO/FPO News,
Suryakunda Hydro Electric Limited is closing the issue of its IPO for foreign Nepalese Immigrants today, the 14th Poush, 2082. The issue opened on the 9th Poush, 2082.
The issued capital of the company is Rs. 68.96 Crores. Of this, 20%, i.e., 13,79,350 unit shares, will be issued to the public. Out of the total issue capital, 10%, which amounts to 6,89,675 unit shares worth Rs. 6.89 Crores, will be allocated to project-affected locals of Nuwakot districts. The remaining 10% of the issued capital, i.e., 6,89,675 unit shares, will be offered to the general public at a later date.
Of this general public issue, 10% of 6,89,675, a total of 68,967 unit shares, have been set aside for Nepalese citizens working abroad, and the issue for this category will close from today.
For the project-affected locals and Nepalese citizens working abroad, the minimum application quantity to be applied is 10 units, while the maximum quantity is 50,000 units.
According to CDSC, 69,510 applicants have applied for a total of 10,48,090 units. Thus, the issue has already been oversubscribed 15.19 times.
Kumari Capital Limited has been appointed as the issue manager.
CARE Ratings Nepal Limited (CRNL) has reaffirmed the issuer rating of ‘CARE-NP BB- (Is)’ for Suryakunda Hydro Electric Limited (SKHEL), indicating a moderate risk of default in meeting financial obligations in Nepal. Additionally, CRNL has reaffirmed the ratings of ‘CARE-NP BB-’ for SKHEL’s long-term bank facilities and ‘CARE-NP A4’ for its short-term bank facilities.
Suryakunda Hydro Electric Ltd. (SKHEL) is a public limited company, originally incorporated as a private limited company and later converted to a public limited company on July 6, 2023. SKHEL has been operating the 11.00 MW run-of-river Upper Tadi Khola Hydropower Project (UTKHP) since July 28, 2025, located in Dupcheswor Rural Municipality, Nuwakot district, Bagmati Province. The project has been developed under the BOOT (Build, Own, Operate, and Transfer) model.
