Four different companies have submitted applications to the Securities and Exchange Board of Nepal (SEBON) seeking approval to issue their Initial Public Offerings (IPOs) to the general public.
Four private sector companies have recently applied to the market regulator, SEBON, to get permission for launching their Initial Public Offerings. According to the documents submitted to the board, these companies are Madhyapur Hospital Limited, Indreni Mushroom Farm Limited, Makarigad Hydropower Limited, and Kalinchowk Investment Company Limited. All of these four companies are planning to issue their shares at face value of Rs. 100 per share.
Madhyapur Hospital Limited
Madhyapur Hospital Limited is looking to issue 28 lakh units of shares to the general public. This total share volume is worth Rs. 28 crore. The hospital company has chosen Muktinath Capital Limited as its issue manager for this share release. The hospital has submitted application to SEBON on Shrawan 22, 2083.
Indreni Mushroom Farm Limited
Next company is Indreni Mushroom Farm Limited, which wants to issue 8 lakh 75 thousand units of IPO shares. This issue is worth Rs. 8 crore 75 lakh. Muktinath Capital Limited will also look after this company’s share sales as the issue manager. The farm applied to SEBON on Shrawan 22, 2083.
Makarigad Hydropower Limited
Similarly, Makarigad Hydropower Limited has proposed to issue 22 lakh 27 thousand 500 units of IPO shares for locals and the general public. The total worth of this share release is Rs. 22 crore 27 lakh 50 thousand. Sanima Capital Limited is appointed as the issue manager for this project. The company sent its application to SEBON on Shrawan 22, 2083.
Kalinchowk Investment Company Limited
Lastly, Kalinchowk Investment Company Limited has also requested permission to issue 24 lakh units of IPO shares. This issue will be worth Rs. 24 crore. The company has selected Nabil Investment Banking Limited to manage its share sales. This investment firm submitted its application on Shrawan 29, 2083.
What Happens Next?
These companies have only asked for permission from SEBON to launch their IPOs. Just because they are in pipeline of SEBON does not mean their IPO is approved. SEBON will now check all the documents and details very carefully. The companies will be allowed to issue their shares to public only after getting the final approval from the board.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
