New Dates Announced: Sanigad Hydro Shifts IPO Opening to Jestha 18

Sanigad Hydro Limited has officially revised the timeline for its upcoming Initial Public Offering (IPO) targeted at the general public. According to the amended issue notice, the company will now open the subscription for 4,674,000 units of equity shares on June 1, 2026 (Jestha 18, 2083 BS), with the early closing deadline set for June 4, 2026 (Jestha 21, 2083 BS). Under the previous schedule, the IPO was slated to open on May 28 (Jestha 14) and wrap up by June 3 (Jestha 20). The face value of the shares remains fixed at Rs 100 per unit. Out of Sanigad Hydro’s total Rs 2.85 billion issued capital, 30% (8,550,000 units) was allocated for public issuance. Out of this, quotas for project-affected locals of Bajhang District, migrant workers, mutual funds, and employees have already been accounted for, leaving 4,674,000 units for the general public. LS Capital Limited is acting as the issue manager, and ICRA Nepal has upgraded the company's issuer rating to [ICRANP-IR] BB-.