Suryakunda Hydro IPO Shares Allotment for Foreign Nepalese Employees

7th January 2026, Kathmandu

Suryakunda Hydro Electric Limited has officially concluded the allotment of its Initial Public Offering (IPO) units reserved for Nepalese citizens working abroad. The allotment ceremony took place on Poush 22, 2082, under the supervision of the issue manager, Kumari Capital Limited. This specific issuance is part of the first phase of the company s capital mobilization strategy, which prioritizes migrant workers and project affected local residents of the Nuwakot district before the general public offering.

Suryakunda Hydro IPO Shares 

The successful allotment marks a pivotal step for the company as it transitions from a privately held entity to a public limited company, enabling broader participation in Nepal s lucrative energy sector.

IPO Subscription and Allotment Results

The IPO for the foreign employment category was open from Poush 9 to Poush 14, 2082. During this period, the company offered 68,967 units of ordinary shares at a face value of 100 rupees per share. The response from the migrant worker community was overwhelming, with the issue being oversubscribed more than 15 times.

Key statistics from the allotment include:

Total Units Offered: 68,967 shares

Total Applicants: 70,457 individuals

Approved Applications: 70,445 applications

Rejected Applications: 12 applications

Method of Allotment: Due to high oversubscription, the shares were distributed through a lottery system in accordance with the Securities Issuance and Distribution Directive, 2074.

A total of 6,896 lucky applicants were allotted 10 units of shares each, while the remaining 7 units were distributed to 7 individuals among those who had already received 10 units, resulting in a maximum of 11 units for a few select investors.

How to Check Suryakunda Hydro IPO Allotment Status

Investors who participated in the offering can verify their results through several official digital platforms. Successful allottees will see the credited units in their Demat accounts within a few working days.

Results are accessible via:

Kumari Capital Limited Official Website (Issue Manager)

Mero Share Portal (CDSC)

Dedicated IPO Result Website (iporesult.cdsc.com.np)

Applicants who were not selected in the lottery will have their blocked funds released by their respective C ASBA member banks. The refund process is automated, ensuring that the capital is returned to the investors’ linked bank accounts without requiring manual intervention.

Project Profile Upper Tadi Khola Hydropower Project

Suryakunda Hydro Electric Limited is the developer of the 11 MW Upper Tadi Khola Hydropower Project (UTKHP). Geographically located in the Dupcheswor Rural Municipality of Nuwakot district, the project is a run of river type plant that utilizes the water flow of the Tadi River, a major tributary of the Trishuli River.

Technical and Financial Salient Features:

Installed Capacity: 11.00 Megawatts (MW)

Annual Energy Generation: Approximately 61.32 Gigawatt hours (GWh)

Total Project Cost: Estimated at 2.36 billion Nepalese Rupees

Cost per Megawatt: Approximately 215 million rupees

Commercial Operation Date: The project started its commercial operations on Shrawan 12, 2082 (July 28, 2025).

The project is largely promoted by Api Power Company Limited, which holds a 59 percent stake in the venture. The energy produced is evacuated via an 8 kilometer long 33 kV transmission line to the Nepal Electricity Authority (NEA) substation in Samundratar, Nuwakot.

Risk Assessment and Credit Rating

CARE Ratings Nepal Limited has assigned a CARE NP BB minus rating to Suryakunda Hydro Electric Limited. This rating indicates a moderate risk regarding the company s ability to meet its financial obligations. The rating reflects the strengths of the experienced promoter group and the fact that the project is already operational, which eliminates construction risk. However, it also considers the hydrology risks inherent in run of river projects and the moderate power evacuation risks associated with the regional grid.

Future Outlook: Local and General Public Offering

While the allotment for migrant workers is complete, the company is concurrently closing the issue for project affected locals of Nuwakot. Following the completion of these two phases, Suryakunda Hydro will move forward with the remaining 10 percent of its public issue, which will be open to the general public in Nepal.

The capital raised through these offerings is primarily used to settle bridge gap loans and to provide the necessary equity for the company s future expansion into solar and other renewable energy projects.

Conclusion

The allotment of Suryakunda Hydro IPO shares to Nepalese workers abroad is a successful example of financial inclusion in the energy sector. By providing a transparent and regulated platform for investment, the company has secured a diverse shareholder base while contributing to the national grid. As the 11 MW Upper Tadi Khola project continues its commercial operations, investors can look forward to potential dividends and the long term growth of the company s equity on the Nepal Stock Exchange.

For More: Suryakunda Hydro IPO Shares