Kathmandu. IPO sales of three companies are being opened. Malung Khola Hydropower Company, Sanima Life Insurance and Manushi Microfinance are set to open IPO sales this month.

Malung Khola Hydropower Company is going to open IPO sale to the public on July 30. In addition, Sanima Life Insurance and Manushi Microfinance will open IPO sale on August 7 and 8 respectively. Malung Khola Hydropower Company Limited is about to sell an IPO worth Rs 73.628 million to the public. The company is about to sell 736,286 IPOs at a face value of Rs 100 per share. There is a provision to demand minimum 10 lots and maximum 100,000 lots for IPO purchase.

Care Rating Nepal has given Care NP De Issuer rating to the company's IPO. This indicates that the company has not fulfilled its financial obligations or cannot fulfill them quickly.

Sanima Life Insurance Limited is going to sell IPO to the public from July 4. The company is to sell 6 million IPOs worth Rs 600 million. Out of the total 6 million IPOs to be sold to the public, the company is going to sell 5 percent or 300,000 shares to the employees and 5 percent to the collective investment funds through public issue.

There is a provision to apply for IPO purchase for a minimum of 10 lots to 30,000 lots.

The company's IPO has been given a Care NP Triple B Issuer rating indicating that it is moderately safe in terms of being able to meet its financial obligations on time.

 Manushi Microfinance Financial Institution Limited is going to issue IPO to the public from July 10. The company is about to issue 3,93,750 IPOs worth Rs 39.37 million.

The company is going to issue 5,469 shares at the rate of 0.5 percent for the employees and 19,688 shares at the rate of 5 percent for the collective investment fund and the remaining 368,593 shares will be released to the public. After the IPO issuance, the capital will reach Rs. 1093.75 million. Care Rating Nepal has given Care NPB Plus rating to the IPO that the company is about to issue.