The Securities Board of Nepal (SEBON) currently has three new IPO applications in its pipeline. Two companies from the production and processing sector and one hotel company have applied for IPO approval. The applicants are Hotel Iccha Limited, Asian Batteries Limited, and Hulas Iron Industries Limited.
Hotel Iccha Limited has applied to issue an IPO of 35 lakh shares worth NPR 35 crore at a face value of NPR 100 per share. The company submitted its application on Magh 20, 2082 B.S., and Himalayan Capital Limited has been appointed as the IPO manager.
Asian Batteries Limited has also applied to issue 13 lakh shares worth NPR 13 crore at a face value of NPR 100 per share, with Himalayan Capital Limited serving as the IPO manager.
Meanwhile, Hulas Iron Industries Limited has proposed issuing its IPO at a premium price. The company plans to issue 97.5 lakh shares at NPR 255 per share, which includes a face value of NPR 100 plus a premium of NPR 155 per share, totaling NPR 248.625 crore. Kumari Capital Limited has been appointed as the IPO manager for this issuance.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
