Siuri Nyadi Power Limited — Company Profile & Upcoming IPO
Super Nyadi Hydropower Project (Run-of‑River) — 40.27 MW. IPO for public subscription (proposed).
Company overview
Siuri Nyadi Power Limited (SNPL) is the special purpose company developing the Super Nyadi Hydropower Project — a 40.27 MW run‑of‑river plant on Nyadi Khola. The company has completed feasibility, environmental studies and detailed designs and has progressed construction.
Project & technical highlights
- Project type: Run‑of‑River hydropower (Super Nyadi)
- Installed capacity: 40.27 MW
- Design discharge: ~6.80 m³/s
- Catchment area: ~93.87 km²
- Location: Bahundada & Bhulbhule (Ward 6 & 7), Lamjung
- Construction status: reported ~55% complete (latest public reports)
Financial & credit summary
Key ratings (from public reports): Long‑term IRN BB, Short‑term IRN A4. Total bank facilities reported in rating documents include term loans and other facilities.
| Item | Detail |
|---|---|
| Reported bank facilities | NPR ~5,964 million |
| Promoter | Ngadi Group Power Ltd (major promoter) |
| Commercial operation expected | 2025 (as reported) |
IPO / Issue summary
The IPO proposal has been added to SEBON's pipeline and an issuance is planned after regulatory approvals. Below is a compact summary of publicly reported terms.
| Term | Details |
|---|---|
| Shares to be issued | 30,360,784 shares |
| Face value | NPR 100 per share |
| Total issue value | NPR 3,036,078,400 (≈ NPR 3.03 Arba) |
| % of capital offered | Approx. 49% of issued capital |
| Issue manager | NMB Capital Ltd. |
| Minimum application | 10 shares (general public) |
| Allocation groups | Project affected locals, NRNs (foreign employment), mutual funds, employees, general public |
Note: exact issue price, opening/closing dates, IPO prospectus and final allotment rules will be issued after SEBON approval. Investors should wait for the official prospectus or consult with their broker/bank for the subscribing schedule.
How to prepare (for retail investors)
- Keep your CDS & bank details updated (most Nepali IPOs use CDS for shares and bank for refunds).
- Follow announcements from SEBON, NMB Capital (issue manager), and the Nepal Stock Exchange.
- Consult the official prospectus for risk factors, debt profile, and use of proceeds before subscribing.
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