IPO Shares of Super Madi Hydropower Company listed in Nepse | What is the Opening Range?
Super Madi Hydropower Limited (SMHL) IPO shares in the amount of 2,100,000 units have also been listed on NEPSE.
This comprises the quantity issued to the general public and the communities impacted by the project, as well as the shares owned by the promoters.
99.80 to 299,40 rupees make up the first trading range for the first transaction. If the business executes the agreement with NEPSE. The IPO shares will start trading on the secondary market the next day.
17,43,000 units worth Rs. 17.43 crore were offered as part of the first public offering to the general public from 2,100,00,000 units of shares value at Rs. 2.1 Arba (Magh 9-12, 2079).
About the Company
Super Madi Hydropower Company Limited is a hydropower generation company located in the Kaski district of Nepal.
It was established in 2014 with the aim of generating electricity from the Madi River. The company has a capacity of generating 25 MW of electricity.
The Madi River, which flows through the Annapurna region of Nepal, has significant potential for hydropower generation. The Super Madi Hydropower Company Limited has taken advantage of this potential and has built a run-of-the-river hydropower plant in the area.
The company has constructed a 6.1 km long headrace tunnel, a 200 m long surge tank, a powerhouse, and a 1.2 km long tailrace tunnel for the project.
The electricity generated by Super Madi Hydropower Company Limited is connected to the national grid of Nepal. Which helps to improve the availability of electricity in the country.
The company has also created job opportunities for the locals and has contributed to the development of the area.
The company has taken steps to ensure that the environmental impact of the project is minimized.
It has implemented measures to protect the river’s ecosystem, and the project’s design and construction have taken into consideration the natural landscape and biodiversity of the region.
Overall, Super Madi Hydropower Company Limited is playing an important role in meeting the energy demands of Nepal and contributing to the country’s economic development while also prioritizing the protection of the environment.
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