Super Khudi IPO Allotment Notice Update

6th February 2026, Kathmandu

The completion of the Super Khudi IPO allotment for local residents of Lamjung marks a major turning point for Super Khudi Hydropower Limited.

Super Khudi IPO Allotment

As the company prepares to open its doors to the general public on Falgun 4, 2082, it is transitioning from a localized community investment model to a national scale equity structure.

Strategic Allotment of Local Shares

The allotment concluded on Magh 22, 2082, successfully distributed 1.55 million units among the residents of Marsyangdi Rural Municipality. This local issuance is more than just a financial transaction. It is a regulatory and social requirement in Nepals hydropower sector designed to ensure that the communities bearing the environmental and geographical impact of the project also share in its long term financial success.

By allocating 40 percent of these shares to the most highly affected areas in Ward No 2 and 3 and 60 percent to the broader rural municipality including Wards 1, 4, 5, 6, 8, and 9, the company has fostered a sense of local ownership. This is critical for preventing social disputes that often plague infrastructure projects in remote areas.

How to Verify Your Allotment

For the local residents who applied, the results are now live and can be accessed through the issue manager portal at Global IME Capital Limited. Applicants can also check their status through the MeroShare portal under the application report section.

The Upcoming General Public IPO

Following the successful local allotment, Super Khudi is set to launch its general public offering. This phase is expected to draw significant interest given the projects advanced construction stage.

Opening Date: Falgun 4, 2082 Total Units Available: 1,286,500 shares Face Value: 100 per share Minimum Application: 10 units Maximum Application: 100,000 units

Investment Risk Assessment

CARE Ratings Nepal has assigned a CARE NP BB rating to the company. While this indicates a moderate risk, investors should weigh the following project specific factors.

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Construction Progress: As of early 2082, the 26 MW Upper Khudi Hydropower Project has crossed 83 percent physical completion. Most civil works including the headworks and tunnel excavation are in the final stages.

Transmission Line Risk: A common bottleneck for Lamjung based projects is the evacuation of power. The company revenue depends on the Nepal Electricity Authority completing the 220 kV Tadikuna substation. While currently in the final stages of construction, any delay here could impact the project required commercial operation date.

Financial Impact and Refund Procedures

For those locals who were not allotted the full amount of shares they applied for, the refund process is currently underway.

Refund Timeline: The process began on Magh 25, 2082. Direct Bank Transfers: Refunds are being processed automatically via the interbank payment system. Applicants should verify their bank statements to ensure the unallotted funds have been credited back.

Project Potential: The 26 MW Upper Khudi Project

The project is a high head snow fed run of river system. Unlike smaller projects, its 26 MW capacity and high plant factor make it a robust asset.

Total Project Cost: 5.38 Billion Annual Energy Generation: 139.22 GWh PPA Status: Signed with NEA for 30 years Project Location: Marsyangdi Rural Municipality, Lamjung

The completion of this IPO phase is a green signal for the project financial closure. By the time the general public shares are listed on NEPSE, the project will likely be nearing its testing and commissioning phase. This potentially reduces the time investors have to wait for returns compared to projects in earlier stages of development.

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