Five companies have applied to the Securities Board of Nepal to issue their initial public offerings in the month of Asoj.
During the month of Asoj, five companies submitted their requests to the Securities Board of Nepal, known as SEBON, to launch their IPOs. Every company has proposed issuing their shares at a price of Rs. 100 per unit. These companies are Hotel Siraichuli Limited, Sasha Engineering Hydropower Limited, Peace Energy Company Limited, Unitech Hydropower Company Limited, and Moonlight Hydropower Company Limited.
Details of the Share Issuance
Hotel Siraichuli Limited has requested permission to issue 15 lakh units of shares for the general public, which will help the company raise 15 crore rupees. Nabil Investment Banking Limited is appointed as the issue manager for this company.
Sasha Engineering Hydropower Limited plans to issue 31 lakh units of shares for local residents and general public to raise 31 crore rupees. The company chosen NIMB Ace Capital Limited as their issue manager. Similarly, Peace Energy Company Limited has applied to release 32 lakh units of shares. With each share priced at 100 rupees, the company aims to collect 32 crore rupees through Machhapuchhre Capital Limited.
Unitech Hydropower Company Limited is seeking to issue 19 lakh 70 thousand units of shares to raise 19 crore 70 lakh rupees. Their appointed issue manager is Laxmi Sunrise Capital Limited. Finally, Moonlight Hydropower Company Limited has applied to issue 92 lakh 41 thousand 426 units of shares for locals and the public. This will help them gather over 92 crore 41 lakh rupees. Laxmi Sunrise Capital Limited will manage this issue as well.
All of these applications are currently with SEBON for review. These companies can only move forward with their plans after they get official approval from the regulatory body.
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.
