Sanigad Hydro IPO Issue Opens for Local Investors

15th March 2026, Kathmandu

Sanigad Hydro Limited has officially announced its Initial Public Offering (IPO), scheduled to open on Chaitra 8, 2082.

Sanigad Hydro IPO Issue

This first-phase issuance is a strategic opportunity for project-affected residents in the Bajhang district and Nepali citizens employed overseas to gain equity in one of the region’s significant renewable energy projects. With regulatory approval to issue 8,550,000 shares at a par value of 100 rupees, the company is prioritizing local stakeholders and the migrant workforce to ensure inclusive financial growth.

Allocation Strategy for Project-Affected Areas

The company has designed a tiered allocation system to reflect the degree of impact on the local geography within Bungal Municipality, Bajhang. By dividing the 2,850,000 shares reserved for locals into two distinct categories, Sanigad Hydro aims for an equitable distribution of ownership.

The Highly Affected category includes residents of Bungal Municipality Wards 1, 2, and 4. These areas, which host the primary project infrastructure, have been allocated 1,852,500 shares.

The Affected category covers residents in Bungal Municipality Wards 3, 5, 6, 7, 8, 9, 10, and 11. These residents have a combined pool of 997,500 shares available for subscription.

Additionally, 570,000 shares are exclusively reserved for Nepali citizens working abroad who have obtained valid labor permits and contribute to the national economy via formal remittance channels.

Subscription Deadlines and Application Limits

Timing is a critical factor for prospective investors, especially for those applying from abroad who face a shorter window.

For Nepali Citizens Working Abroad:
The application period is brief, opening on Chaitra 8 and closing on Chaitra 11, 2082.

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For Project-Affected Residents:
The subscription window is more extensive, remaining open from Chaitra 8 until Chaitra 22, 2082.

To accommodate a diverse range of investors, the company has set a minimum application of 10 shares (1,000 rupees) and a maximum limit of 20,000 shares (2,000,000 rupees).

How to Apply and Access Forms

Laxmi Sunrise Capital Limited is the designated issue and sales manager for this IPO. Investors can access the offering through both physical and digital platforms depending on their location and eligibility.

Local residents in Bajhang can visit the Sanigad Hydro Powerhouse in Bungal Municipality or designated bank branches to submit physical forms. Authorized collection centers include the Chainpur branch of Laxmi Sunrise Bank and the Bajhang branches of Global IME Bank, Rastriya Banijya Bank, and Agricultural Development Bank.

Migrant workers must utilize the C-ASBA system through their respective banks. This requires a valid CRN (C-ASBA Registration Number) and a Demat account, allowing for a seamless electronic application via the MeroShare portal.

Economic Context of the Sanigad Project

Investing in the Sanigad Hydro IPO is not just a financial transaction but a stake in Nepal’s energy infrastructure. The project utilizes the water resources of the Bajhang district to contribute to the national grid, reducing dependency on energy imports. For local communities, these shares represent a long-term asset that can provide dividends as the project reaches its commercial operation milestones and generates revenue from electricity sales to the Nepal Electricity Authority (NEA).

As the opening date of Chaitra 8 approaches, all eligible individuals are encouraged to verify their Demat account status and ensure their banking documentation is up to date to participate in this renewable energy investment opportunity.

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