Three companies have submitted applications to the Securities and Exchange Board of Nepal (SEBON) in the month of Bhadra, seeking approval to launch their Initial Public Offerings (IPOs).
During the month of Bhadra, three different companies applied to the market regulator SEBON for bringing their IPOs. These companies are Nexgen Management and Equity Solutions Limited, Vaidik Investment Company Limited, and Saurya Krishi Company Limited. All of these companies have proposed to sell their shares to the general public at a face value of Rs 100 per share.
Details of the Companies Applying for IPO
Nexgen Management and Equity Solutions Limited applied to SEBON on Bhadra 4. The company wants to issue 12 lakh 50 thousand shares to the general public. The total worth of this IPO is Rs 12 crore 50 lakh. Laxmi Sunrise Capital Limited have been appointed as the issue and sales manager for this share issue.
Another company, Vaidik Investment Company Limited, filed its application on Bhadra 5. They are planning to bring 28 lakh 35 thousand shares of IPO, which is worth Rs 28 crore 35 lakh. Muktinath Capital Limited is managing the issue and sale of these shares.
Similarly, Saurya Krishi Company Limited submitted its request on Bhadra 18 to launch 20 lakh shares of IPO. This IPO is worth Rs 20 crore in total. The company has chosen NIC Asia Capital Limited as its issue manager.
Approval Pending from Regulator
Currently, these three companies have only submitted their application to SEBON. They will only be able to open the IPO sales and distribution for general public after they get final approval from the regulator.
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.
