Upcoming IPO in Nepal
Initial Public Offering (IPO) can be defined as the process in which a private company or corporation can become public by selling a portion of its stake to the investors.An IPO is generally initiated to infuse the new equity capital to the firm, to facilitate easy trading of the existing assets, to raise capital for the future or to monetize the investments made by existing stakeholders.
List of Upcoming IPOs in Nepal : 24 companies preparing to issue IPOs worth Rs 6.5 billion
Dec 29: As many as 24 different companies are set to issue their initial public offerings (IPOs) worth Rs 6.5 billion in shares, according to the Securities Board of Nepal Strategic Plan (SEBON). Among the companies offering their IPOs, 14 are hydropower companies, six are microfinance companies, two are insurance companies and two others.
According to SEBON, the companies have been asked to issue IPOs worth Rs 50.9 million each. A total of Rs 6.6 billion worth of IPOs will be issued from the companies. The companies in the pipeline will issue IPOs as soon as they get permission from the board. The IPO has to be issued within two months of the board's approval.
Sayapatri Hydropower is preparing to issue as many as 900,000 shares worth Rs 90 million while Molung Hydropower has already appointed a sales manager to issue 350,031 shares worth Rs Rs 353 million. Similarly, Three-star hydropower company will issue over 1.2 million shares worth Rs 120 million. Rapti Hydropower is also set to issue 1.9 million ordinary shares worth Rs 294 million.
Likewise, Swetganga Hydropower is also preparing to issue 4.7 million ordinary shares worth Rs 477 million, while Mandakini Hydropower is ready to issue 1.7 million shares worth Rs 170 million.
Upper Solu Hydropower is also preparing to issue 3.3 million ordinary shares worth Rs 330 million. Likewise, Upper Hewakhola Hydropower has applied to issue 2 million ordinary shares worth Rs 200 million while River Falls Power will be issuing 3.4 million ordinary shares worth Rs 340 million.
Bindhyabasini Hydropower Development is also issuing 2.5 million ordinary shares worth Rs 250 million. Similarly, Himalayan Hydropower is also issuing 2.2 million shares while Balefi Hydropower will be issuing 3.6 million ordinary shares. Meanwhile, Dardi Khola Hydropower will also issue over 2.9 million ordinary shares to the general public.
Among the insurance companies, IME Life and Reliable Life have requested the board to issue 6 million ordinary shares each.
Similarly, six microfinance companies have applied for permission to issue their IPOs. CYC Nepal Microfinance is ready to issue 319,000 ordinary shares, Adarsh Microfinance 60,000 shares, Jalpa Community 522,000 shares, Upkar Microfinance 266,000 shares, and National Utthan Microfinance 800,000 shares. Likewise, Nesdo Samriddha Microfinance is preparing to issue 827,000 ordinary shares.
Among other companies, Emerging Nepal is also preparing to issue 555,600 ordinary shares, while Dish Media Network is ready to issue 2.3 million ordinary shares.
HOW TO CHECK IPO results ?
Once IPO results get published, Investors can now view the result of IPO through various mediums.
click [ HERE ] to view ways to check IPO Results
Posted on: 2021-12-29