10 companies to issue IPO; waiting for Securities and Exchange Board permission
Kathmandu, March 8
Currently, 10 companies are preparing to issuse IPO. Out of total ten, there are eight hydropower companies who are waiting permission from the Securities Board of Nepal(SEBON) for the IPO.
SEBON has Sahas Urza, Samaling Power, Buddhabhumi Nepal Hydropower, Himalayan Hydropower, Bindhyawasini Hydropower, Mailung Khola Hydropower, Madhyabhotekoshi Hydropower, Ngadi Hydropower and CEDB Hydropower Development and Dis Media Network Limited’s IPOs are in the queue. These companies have sought permission to issue a total of 42.37 million IPOs, which is equal to a total of 4 billion 237 million 44 thousand 500 rupees.
Sahas Urza has sought permission to issue a total of 15 million IPOs for locals and the general public. The IPO sales manager is NIBL S Capital.
Samaling Hydropower and Buddhabhumi Nepal Hydropower have applied to the board for permission to issue 1.23 million units and 1.2 million units of IPO for the project-affected locals and general public. Samaling has appointed Nepal SBI Merchant Banking and Buddhabhoomi Nepal has appointed Civil Capital Market as the securities sales manager.
Similarly, Himalayan and Bindhyawasini Hydropower are also preparing to issue 2.25 million units and 2.5 million units of IPO for the project-affected locals and general public respectively. The IPO sales managers are Global IME Capital of Himalayan and Sanima Capital of Vindhyawasini.
Mailung Khola Hydropower, on the other hand, has sought permission from the board to issue a total of 736,286 IPO lots to the public. Siddhartha Capital is the sales manager of this IPO.
Madhyabhotekoshi and Ngadi Hydropar are also preparing to issue 15 million lots and 450,000 lots of IPO for locals and general public respectively. Both of these are in the queue of the IPO board. Global IME Capital is the sales manager of both these IPOs.
CEDB Hydropower and Dis Media Network, which are in other groups, are also awaiting permission to issue 25 lakh 18 thousand 230 lots and 23 lakh 85 thousand 929 lots of IPO, respectively. The securities sales managers are CEDB’s Sunrise Capital and Dis Media’s Global IME Capital Limited.