13 companies preparing to issue IPO

Mar Thu 2021 06:27:49

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13 companies preparing to issue IPO

Kathmandu. There are currently 13 companies in the pipeline for issuing primary shares. Out of which, 4 companies have been added to the pipeline in March alone.

According to the Nepal Securities Board, there are six companies under the Board's Under Preliminary Review.

Among them are Sahas Urja Limited, Samling Power Company, Boudhbhumi Nepal Hydropower, Manakamana Smart Microfinance Financial Institution, Jeevan Vikas Microfinance Financial Institution and Sayapatri Hydropower Limited Company.

Sahas Urja Limited has applied to the board for the issuance of 15 million shares IPO. The company will issue an IPO for locals and the general public. Similarly, Samling Power Company will also issue IPO for the affected locals and general public.

The company has applied to the board for the issuance of 1.23 million IPO lots.

Similarly, Boudhbhumik Nepal Hydro Nepal Power Company Limited is also in the pipeline to issue 1.2 million shares for the affected locals and general public.

Another company in the pipeline to issue IPOs is Manakamana Smart Microfinance Financial Institution. The company has applied to the board to issue 389,000 IPO lots to the public. Similarly, Jeevan Vikas Microfinance Financial Institution has also applied to the Board for issuance of 1,97,300 shares IPO. In addition, Sayatri Hydropower Limited has applied to the board for the issuance of 900,000 IPO shares for locals and general public.

The board has placed two companies in the review and comment send section. Out of which, Himalayan Hydropower Limited Company is in the pipeline of the board for IPO of 2.25 million shares for the affected locals and general public. Similarly, another company is Dis Home Media Network. The company is in the board's pipeline to issue 2.385 million shares to the public.

Under the Board's Reply and Under Review section, Malung Khola Hydropower Company Limited has issued 736,286 shares to locals and general public, Madhya Bhotekoshi Hydropower Company has issued 15 million shares to affected locals and general public, Nyadi Hydropower Limited has issued 450,000 shares to locals and general public. CIDB Hydropower Development Company is in the pipeline of the board to issue 25 lakh 18 thousand 230 shares to the public and Bindabasini Hydropower Development Company Limited to issue 2.5 million shares to the local and general public.