The Securities Board of Nepal has resumed its IPO approval process by granting permission to Him Parbat Hydropower Limited to issue shares to the public.
Approval Details
After a gap of five months, the Securities Board of Nepal (SEBON) has started approving new IPOs again. In a board meeting held on Asoj 16, the committee decided to give permission to Him Parbat Hydropower Limited. The company got approval to issue 59 lakh 15 thousand units of ordinary shares. The total value of these shares is 59 crore 15 lakh Rs. Each share will have a face value of 100 Rs.
Management and Process
Citizens Capital Limited has been appointed as the issue and sales manager for this IPO. Even though the board gave the green signal, the company has not published official news about the IPO yet. The board explained that they will provide final approval and make an official announcement once the company pays the security listing fee.
Application History
Him Parbat Hydropower had submitted their application to SEBON requesting permission for the IPO on Mangsir 5, 2081 B.S. The process is now moving forward after the board committee decision.
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.
