Sanigad Hydro Limited has officially opened its Initial Public Offering (IPO) to the general public starting today, 18th Jestha, 2083 (June 1, 2026). The company is putting up a massive 46,74,000 units of shares up for grabs.
The Quick Facts: Sanigad Hydro IPO Details
| Feature | Details |
| Opening Date | Today, 18th Jestha, 2083 (June 1, 2026) |
| Closing Date (Early) | 21st Jestha, 2083 |
| Price Per Share | Rs. 100 |
| Minimum Units to Apply | 10 shares (Cost: Rs. 1,000) |
| Maximum Units to Apply | 20,000 shares |
| Issue Manager | LS Capital Limited |
Where Are the Shares Going?
The company’s total public issue was actually 57,00,000 shares (which makes up 20% of its total capital). Before opening the pool to ordinary citizens living in Nepal today, some shares were already distributed to special groups:
Foreign Employed Nepalese: 5,70,000 units (10%)
Company Employees: 1,71,000 units (3%)
Mutual Funds: 2,85,000 units (5%)
General Public (You!): The remaining 46,74,000 units are what opened today.
About the Company
Sanigad Hydro Limited started its journey back in December 2007 as a private business and later converted into a public company in 2021.
The company has built and runs the 38.46 MW Upper Kalanga Gad Hydro-electric project. This project is located in the Bajhang district, which falls under the Sudurpaschim Province of Nepal. Because the project is already commissioned (meaning it is built and running), the company is in a much more stable position than hydro companies that are still just digging dirt.
Is It Safe? The Credit Rating Upgrade
Before investing your hard-earned money, it is always smart to check the risk. A well-known rating agency, ICRA Nepal, recently upgraded Sanigad Hydro’s safety rating.
They moved the rating up to [ICRANP-IR] BB- (from their older, lower rating of B+). In simple terms, a “BB-” rating means the company has a moderate risk of default. It tells investors that the company is in a reasonably safe financial spot to take care of its bills and obligations.
How Much Should You Apply For?
The golden rule for standard IPOs in Nepal usually comes down to simple math. Since millions of Nepalese now apply for IPOs through MeroShare, almost every good public offering gets oversubscribed (meaning more people want shares than there are shares available).
Because shares are distributed via a lucky draw of 10 units per person:
Applying for 10 units (Rs. 1,000) is the smartest move for most retail investors.
Applying for more usually just freezes your bank balance until the result is published, as getting more than 10 units is highly unlikely.
How to Apply
You don’t need to visit a bank or wait in lines. You can apply directly from the comfort of your home:
Log in to your MeroShare account app or website.
Go to the My ASBA section.
Look for Sanigad Hydro Limited under the current issues.
Enter the number of units you want to apply for (we recommend 10).
Enter your CRN number, accept the terms, and submit!
Make sure you have enough balance in your linked bank account to cover the amount. The system will hold Rs. 1,000 until the allotment day.
Hydropower IPOs at a face value of Rs. 100 are generally considered great starting points for retail investors in Nepal. Given that Sanigad Hydro’s project is already operational and its credit rating has improved, it stands out as a decent pick for your portfolio.
The early deadline is 21st Jestha, 2083. If it doesn’t get enough applications, they might extend it to 1st Ashadh—but looking at current market trends, it will likely fill up fast. Don’t wait until the last minute!
