Super Madi Hydropower IPO – How to apply today

Super Madi Hydropower IPO has opened an offer letter to issue its Initial Public Offering (IPO) to the general public today (January 23, 2023).

The Super Madi Hydropower is issued 17,43,000 unit shares of Rs 100 face value from Magh 9, 2079. The Super Madi Hydropower aims to collect Rs 17.43 crore from this IPO.

The early closing date of this issue is on Magh 12, 2079 and if the IPO is not fully subscribed, then it can be extended up to Magh 23, 2079.

Super Madi Hydropower IPO

According to issue manager, Super Madi Hydropower IPO of local and broad had already allocated. A total of 21,00,000 units shares; 10% or 210,000 units have already been allotted to Nepalese citizens working abroad, whereas 2% or 42,000 units have been allocated for the employees of the company.  A 5% of the total offered shares or 105,000 units have been reserved for the mutual funds. And the remaining 17,43,000 units are open now for the general public. After this IPO is allotted, the paid-up capital of the Super Madi will be reached Rs. 2.10 Arba.

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Super Madi had issued 10,50,000 unit shares worth Rs. 10.50 crores to the project-affected locals and 210,000 units shares to Nepalese citizens working abroad. In total, 85% of the shares are of the promoter shareholders in the company.

Sanima Capital Limited is the issue manager for the IPO. Applications can apply for a minimum of 10 units and a maximum of 50,000 units for this IPO. But 10 units is enough to apply for this IPO.

ICRA Nepal provided the rating of [ICRANP-IR] BB (pronounced ICRA NP issuer rating double B) to Super Madi Hydropower Limited. This rating is considered to have a moderate risk of default regarding the timely servicing of financial obligations if any emergency.

Super Madi Hydropower Limited IPO distributed for Local and abroad Nepalese

Super Madi Hydropower Limited was opened the IPO to the Nepalese citizens working abroad and project affected and closed on Poush 5, 2079 and has extended the IPO issue deadline for project-affected locals till Poush 20, 2079.

The issued capital of the Super Madi Hydropower Limited is Rs. 2.10 Arba of which 5% or 10,50,000 unit shares worth Rs. 10.5 crores have been allocated to project-affected locals of Kaski District (Madi VDC) and Pokhara Metropolitan citizens.

Super Madi Hydropower IPO Details

Super Madi Hydropower IPO Details  is found you above. Here you can find the details of the company. Super Madi Hydroelectric Project is located in Kaski Districts, Gandaki Zone of Western Development Region of Nepal. The project lies in the Namarjun and Parche Village Development Committees of Kaski District. The headworks is located at the foothill of Sikles village and the powerhouse is located just opposite of Sodha village.

The project lies about 23 km north-east of Pokhara. At present there is about 16km long earthen road access towards the project from Pokhara City. An earthen road track has already reached to the Headrace Tunnel outlet which lies in the Namarjun Village Development Committee at the left bank of the Madi River.

This project is a simple Run-of-River scheme that utilizes the flow in Madi River. Madi River is one of the major tributaries of the Narayani River of the Gandaki basin after mixing with the Seti River. The proposed project has installed capacity of 44MW, design discharge of 18m3/sec and net head of 295m.

A simple boulder riprap diversion weir across the Madi Khola diverts the water into the side intake. A gravel trap settles gravels coming through the six orifices of the intake and takes to the headpond through approach box culvert. Two underground settling basins are fed with the discharge by two inlet tunnels from the headpond.

An outlet pond after the settling basins feed water into headrace tunnel.

The headrace tunnel of length 5905m of finished diameter of 3.6~4.4m and steel penstock pipe of average diameter 2.6m and length 1381m feed water to the three units of vertical axis Pelton Turbines installed in the semi-surface powerhouse to generate 44000kW power.

The water will then be discharge back into the Madi River through 281m long tailrace. An underground surge tank is provisioned at the end of the headrace tunnel. An access tunnel to the headworks, two Adit tunnels to access the underground settling basins, three Adit tunnels to access the headrace tunnel and a ventilation tunnel to reach the top of the underground surge tank are provisioned.

The electricity generated from this plant will be connected to the Integrated Nepal Power System (INPS) at the Lekhnath Sub Station at Lekhanath Municipality near Pokhara City through 22km long 132kV single circuit transmission line. The total net energy production will be 243GWh annually.

How to apply, Super Madi IPO Today ?

Super Madi IPO how to apply, you need to follow the following steps;

Are you looking for how to apply Super Madi IPO from Mero Share ? If yes, here is the steps to apply IPO of Super Madi IPO.

1. Go to official website  https://meroshare.cdsc.com.np/
2. Select Your DP (Bank or Capital where you open your mero share and CRN account)
3. Enter the user name and password,
4. Click on login bottom
5. Go to my ASBA
6. Click on my ASBA
7. See the Apply on issue
8. Click on the Apply bottom
9. Fill in the required information (Select bank account, number of applied shares)
10. Enter the CRN number on the same page and click on all information in the current option,
11. Then click on apply
12. Then write the four-digit security code
13. Then submit
14. Application was completed; you will see that successfully applied with green color.

Super Madi Hydropower IPO Result for investors

Super Madi Hydropower IPO Result can check now for local and abroad investors. You can check it from mero share official website and issue manager IPO result check page.