Jun Sun 2022 01:42:36
Kathmandu. Various 25 companies are awaiting approval from the Nepal Securities Board (NSB) for IPO issuance. According to Cebon, the waiting companies have applied for approval to sell shares worth Rs 5.16 billion.
Companies in the pipeline for the IPO include two insurance companies, 13 hydropower companies, five microfinance and other groups including Dis Media Network, Muktinath Krishi Company, Kalinchok Darshan Company, Hathway Investment Nepal and City Hotels.
According to the information received from Cebon, the self-reliant microfinance financial institution is preparing for the issuance of 2 lakh 3 thousand 380 shares equal to Rs. 23 million 38 thousand. Similarly, Abhiyan Microfinance Financial Institution has 3 lakh 975 thousand shares equal to Rs. 97.5 million and Khaptad Microfinance Financial Institution has 132 thousand shares equal to Rs. 132 million. Similarly, 393,750 shares worth Rs. 39.37 million and 331,000 shares of Dhaulagiri MFI worth Rs.
Similarly, Reliable Life Insurance is preparing to issue 6 million IPOs worth Rs 1.27 billion. The IPO will be priced at Rs 212 per share with a premium of Rs 112. Similarly, IME Life Insurance is also in the pipeline for the issuance of 6 million shares worth Rs 600 million.
Similarly, Dis Media Network Limited is also awaiting approval from Cebon for IPO sale. The company will issue 2,385,929 shares worth Rs 238.592 million after receiving approval from Cebon.
According to Cebon, Muktinath Krishi Company's 4 million units worth Rs. 40 million, Kalinchok Darshan's 1.2 million units worth Rs. A total of 1.67 million shares worth Rs. 1 million are in the pipeline for issuance. After receiving approval from Cebon, further process for IPO of these companies will be started.
More than half of the companies in the IPO issuance pipeline are hydropower companies. Among the hydropower companies in the pipeline, Kutheli Bukhari Small Hydropower Limited is preparing to issue 2,43,735 IPOs worth Rs 24.37 million. Similarly, Asian Hydropower Limited has 1.18 million shares equal to Rs. 118 million and Barahi Hydro Power has 700,000 shares worth Rs. 700 million in the pipeline.
Similarly, People's Hydropower Company is going to issue 800,000 IPOs worth Rs 80 million. Among the other hydro power plants in the pipeline, Mayakhola Hydropower has 3.4 million units worth Rs. Similarly, Makar Jitumaya Suru Hydro Power is going to issue 2.28 million IPOs worth Rs. 228 million.
According to Cebon, Molung Hydropower Company is preparing to issue 35.31 million IPOs worth Rs. 353.11 million. Similarly, Three Star Hydropower Limited has applied for the issuance of 1.231 million shares equal to Rs. 123.125 million and Stern Hydropower Limited has applied to the Board for issuance of 1.24 million shares equal to Rs.
Similarly, Silex Hydropower Limited is preparing to issue 2 million units worth Rs 200 million, Supermai Hydropower Limited 1.9 million units worth Rs 100 million and Sanjen Hydropower Company is preparing to issue 365 thousand units worth Rs 365 million.