Super Khudi Hydropower IPO Issuance Date Postponed by One Day
13th February 2026, Kathmandu
Super Khudi Hydropower Limited (SKHL) has announced a minor revision to its Initial Public Offering (IPO) schedule for the general public. Originally slated to open on Falgun 4, 2082, the issuance will now commence on Falgun 5, 2082. This one-day postponement ensures a smoother application process for investors by avoiding a direct scheduling overlap with another concurrent public offering.
Super Khudi Hydropower IPO
The company is developing the 26 MW Upper Khudi Hydropower Project in the Lamjung district, and this IPO marks the final phase of its public capital mobilization.
Why the IPO Opening Date Was Postponed
The decision to shift the opening date followed a formal request from CDS and Clearing Limited. The initial date of Falgun 4 conflicted with the IPO timeline of Ridge Line Energy Limited. To manage the high volume of digital traffic on the C-ASBA and Mero Share systems, the company adjusted its start date to Falgun 5.
While the opening date has moved, the fundamental details of the share offering remain unchanged.
Breakdown of the IPO Share Allocation
Super Khudi Hydropower received approval from the Securities Board of Nepal (SEBON) to issue 20% of its issued capital, totaling 3,100,000 shares at a par value of Rs 100 per share. The distribution has been organized as follows:
1,550,000 shares: Allotted to project-affected locals in Lamjung.
155,000 shares: Allotted to Nepalese citizens working abroad.
77,500 shares: Reserved for mutual funds.
31,000 shares: Reserved for the company’s employees.
1,286,500 shares: Now available for the general public.
The general public portion represents the final 1,286,500 units, which are expected to be highly oversubscribed given the current demand for energy sector stocks in Nepal.
Important Dates and Application Guidelines
Investors must take note of the revised timeline to ensure their applications are submitted within the legal window.
Revised Opening Date: Falgun 5, 2082
Earliest Closing Date: Falgun 11, 2082
Latest Closing Date: Falgun 20, 2082 (if not fully subscribed)
Minimum Application: 10 units (Rs 1,000)
Maximum Application: 100,000 units (Rs 10,000,000)
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Applications can be submitted through the Mero Share portal or by visiting C-ASBA approved banks and financial institutions across the country.
Project Profile and Financial Health
The Upper Khudi Hydropower Project is a run-of-river (RoR) type project with an estimated total cost of approximately Rs 5.38 billion. This translates to a per-megawatt cost of about Rs 207 million, which is considered a mid-range capital intensity for Nepalese hydropower developments.
Project Status: As of early 2082, the project had achieved over 74% physical progress.
Credit Rating: CARE Ratings Nepal has assigned a “CARE-NP BB” rating. This indicates a moderate risk of default regarding the timely servicing of financial obligations.
Power Evacuation: The electricity will be evacuated via the 220 kV Tadikuna (Khudi Hub) substation, which is currently under construction by the Nepal Electricity Authority.
Profitability Window: The project has an estimated simple payback period of 7.21 years.
Role of the Issue Manager
Global IME Capital Limited is serving as the issue and sales manager for this IPO. They are responsible for overseeing the collection of applications, verification of data, and the eventual allotment process. Following the close of the issue, the allotment is typically finalized within one to two weeks through a lottery system, as the number of applicants usually exceeds the available shares.
Final Thoughts for Investors
The one-day shift in the Super Khudi Hydropower IPO date is a technical adjustment that does not impact the underlying value of the investment. For retail investors, the 10-unit minimum makes this an accessible entry point into the hydropower sector. However, the “BB” rating serves as a reminder that the project is still in the construction phase and carries inherent risks such as hydrology fluctuations and potential construction delays.
For More: Super Khudi Hydropower IPO
