Suryakunda Hydro Electric Limited IPO Allotment Concludes: Lucky 57,243 Applicants Allotted 10 Units Each via Lottery System

Suryakunda Hydro Electric Limited's IPO allotment was concluded today at the premises of the issue manager, Kumari Capital, Nagpokhari, Kathmandu.

The company had issued 5,72,431 units as an Initial Public Offering (IPO) to the general public from (18th Magh, 2082 to 21st Magh, 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, has already been issued to project-affected locals of Nuwakot District. Regarding this general public issue, 10% of 6,89,675, a total of 689,675 unit shares, were already allocated to Nepalese citizens working abroad. Of the general public issue, 2%, i.e., 13,793 units, have been set aside for the company's employees, and 5% of the total offered shares, i.e., 34,484 units, have been set aside for the mutual funds. The remaining 5,72,431 units were issued for the general public and will be closed from today.

The issue received a total of 2,411,922 valid applications for units. Meanwhile, 40,680 applications for 479,350 units were disqualified.

As per the allotment results, 57,243 applicants were allotted 10 units each through a lottery system, while 1 applicants received an additional 1 unit each, bringing their total allotment to 11 units per applicant.

Allotment Module:

The IPO result can be accessed by  CDSC IPO Result, MeroShare, and Kumari Capital Limited.

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.