Siuri Nyadi Power Limited is planning to issue about 3 crore 3 lakh shares through its initial public offering (IPO). The company has reserved some of these shares for local people living near the project area. After this local people share is filled, the remaining shares will be open to other investors. It is estimated that more than 20 lakh general public across Nepal may receive at least 10 shares each from these leftover shares.
In addition, investors under the foreign employment are expected to get up to 40 shares each. This quota is made especially for Nepali workers living abroad who want to invest in companies at home.
| Detail | Number of Shares (units) |
|---|---|
| Total shares to be issued | 30,300,000 |
| Shares for general public | About 20,000,000 |
| Minimum shares per general public | 10 |
| Shares per foreign employment investor | 40 |
The IPO is now waiting for final approval from the Securities Board of Nepal (SEBON). Once SEBON approves, the company will officially start selling the shares. This will give the public a chance to invest in the company.
This IPO is seen as a good opportunity for many investors, including local people and foreign employment holders, to join the company’s growth. It also shows the company’s effort to involve local communities and wider investors. Many people are waiting for SEBON’s approval to apply for the shares.
About Siuri Nyadi Power Limited
Siuri Nyadi Power Limited is a hydropower company in Nepal that works to produce clean and renewable energy. The company develops hydropower projects to help meet Nepal’s increasing need for electricity. It focuses on using water resources to generate power in an environmentally friendly way. The company also works with local communities to ensure they benefit from the projects. Its goal is to increase the country’s electricity supply and support economic development.
