NEPSE has signed agreements with five companies to manage sealed bid processes for shares allocated to qualified institutional investors under the book-building guideline.
Nepal Stock Exchange Limited (NEPSE) has entered into agreements with five companies to conduct sealed bid processes for shares reserved for qualified institutional investors under the Book Building Directive, 2077. The agreement formalizes NEPSE’s role in facilitating the bidding process for institutional investors.
Under the agreement, NEPSE will manage the sealed bid process for several companies, including 816,480 shares of Norvic International Hospital and Medical College Limited, 18 lakh shares of Jagdamba Spinning Mills Limited, 4,34,600 shares of Time Pharmaceuticals Limited, 18 lakh shares of Laxmi Steels Limited, and 6 lakh shares of Purwanchal Lub Oil Limited.
The process will allow qualified institutional investors to submit their bids as part of the price discovery mechanism under the book-building framework, helping determine the fair market value of the shares.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
