The number of companies entering agreements with the Nepal Stock Exchange (NEPSE) for share issuance under the Book Building Directive has reached seven. NEPSE updated its list by adding two new companies, increasing the total from five to seven.
The newly included companies are Yeti Brewery Limited and Nepal Tea Development Corporation Limited. Previously, the list included Norvic International Hospital and Medical College Limited, Jagdamba Spinning Mills Limited, Time Pharmaceuticals Limited, Laxmi Steels Limited, and Purwanchal Lube Oil Limited.
Under the book building system, these companies will conduct a sealed bidding process for shares allocated to Qualified Institutional Investors (QII). Institutional investors will first submit price bids, and the final share price will be determined based on their responses.
This method is expected to help establish a market-driven pricing mechanism for the upcoming IPOs of these companies.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
