Super Khudi Hydropower IPO Opens First Phase for Locals and Migrant Nepalis

6th January 2026 Kathmandu

The capital market in Nepal is witnessing fresh momentum as the Super Khudi Hydropower IPO officially opens today, Poush 22. This initial phase of the offering is a strategic move by Super Khudi Hydropower Limited to prioritize those most closely connected to the project: the local residents of the project-affected areas and Nepali citizens working abroad.

Super Khudi Hydropower IPO

By opening the subscription to these specific groups first, the company adheres to the regulatory framework established by the Securities Board of Nepal (SEBON), which aims to foster local ownership and provide investment avenues for the migrant workforce.

Strategic Share Allocation for Local Residents

A significant portion of the Super Khudi Hydropower IPO has been reserved for the residents of Lamjung district, where the project is physically located. The company has allocated a total of 1.55 million shares for this group to ensure that the people most impacted by the construction and operation of the facility have a direct stake in its financial success.

The allocation is further divided into two specific categories based on the proximity to the project site. Residents of wards 2 and 3 within the Marsyangdi Rural Municipality, which are classified as the most directly affected areas, have been allocated 620,000 shares. The remaining 930,000 shares are available for the residents of wards 1, 4, 5, 6, 7, 8, and 9 of the same rural municipality. Local investors are permitted to apply for a minimum of 10 shares and a maximum of 100,000 shares. While the initial deadline for local applications is set for Magh 10, the company has the provision to extend this period until Magh 21 if the shares are not fully subscribed within the first window.

Empowering Nepalis Employed Overseas

Recognizing the vital role that the migrant workforce plays in the national economy, the Super Khudi Hydropower IPO has set aside 155,000 shares specifically for Nepalis working abroad with valid labor permits. This initiative is part of a growing trend in Nepal to channel remittance into productive sectors like infrastructure and energy.

Migrant workers can apply for the same range of shares as the locals, starting from a minimum of 10 units up to a maximum of 100,000 units. The application window for this category is shorter, currently scheduled to remain open until Poush 25. By providing a dedicated quota, the company ensures that those living outside the country can still participate in high-value domestic investment opportunities through the ASBA-approved banking system.

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Path to the General Public Offering

Once the first phase of the Super Khudi Hydropower IPO for locals and migrant workers is complete, the company will move toward the general public issuance. In total, Super Khudi Hydropower Limited plans to issue 3.1 million ordinary shares, which represents 20 percent of its total issued capital. The total value of the public offering across all categories is estimated at NPR 310 million.

Global IME Capital Limited has been appointed as the issue and sales manager. The involvement of such a prominent merchant banker is intended to provide a seamless application process and ensure that all regulatory compliance standards are met. The formal approval for this entire issuance was granted by SEBON on Poush 6, providing the necessary legal clearance for the company to enter the capital market.

Project Status and Operational Outlook

The 26 megawatt Upper Khudi Hydropower Project, situated in the Lamjung district, is the core asset of the company. Unlike many hydropower offerings that come to market in the early stages of development, the Upper Khudi project has already achieved substantial physical progress. As of the latest reports, construction is approximately 83.30 percent complete.

This high level of progress is a critical factor for investors, as it significantly reduces the execution and “time-to-market” risks often associated with energy projects. The facility is a run-of-river type project designed to harness the energy of the Khudi River. With much of the heavy civil and hydro-mechanical work already advanced, the project is on track to begin contributing to the national grid in the near future, which will help meet the growing demand for renewable energy in Nepal.

Corporate Leadership and Governance

The management of Super Khudi Hydropower Limited is led by Chairman Chetan Pradhan, a figure with experience in the power generation sector. The board of directors includes members such as Ganesh Karki, Batu Lamichhane, and Nibhita Pradhan, along with Dal Bahadur Bista serving as an independent director. The leadership team brings together a mix of technical expertise and corporate governance experience, which is essential for managing a project of this scale and navigating the requirements of being a publicly traded company.

Conclusion

The opening of the Super Khudi Hydropower IPO marks a significant milestone for the company and a promising opportunity for investors in Lamjung and abroad. With a clear focus on local inclusion and a project that is nearing physical completion, the offering stands out in the current hydropower landscape. As the first phase progresses, the market will be looking forward to the general public opening, which is expected to see strong demand given the advanced state of the Upper Khudi project.

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