Hulas Infra Limited, a subsidiary of the Hulas Group, has submitted an application to the Securities Board of Nepal (SEBON) seeking approval to issue an Initial Public Offering (IPO). The application was filed on Asar 24, 2081 B.S.
IPO Details
The company plans to issue 35,47,188 shares at a premium price of Rs. 333.56 per share. If approved at this rate, the IPO will raise a total of approximately:
Rs. 1 arba 18 crore 32 lakh 29 thousand 28
| IPO Price per Share | Total Shares | Total Amount to be Raised |
|---|---|---|
| Rs. 333.56 | 35,47,188 units | Rs. 1.18 arba approx. |
Issue Manager & Next Steps
Nabil Investment Banking Limited has been appointed as the issue manager for the IPO. The company will begin the public issuance process once it receives the final approval from SEBON.
About the Company
Hulas Infra Limited is a part of the Hulas Group, chaired by Chandra Kumar Golchha. His son, Sharad Golchha, serves as the Managing Director of Hulas Infra.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
