Kathmandu. Last fiscal year 2080 from The Securities Board of Nepal. Out of 82, only 15 companies, including three micro insurance companies, have got IPO approval.
Santosh Narayan Shrestha, who came in as the new chairman after the exit of Ramesh Hamal in the Securities Board, has also been reluctant to allow the issue of ordinary shares. On the other hand, the primary market seems to have been affected by the conflict between the Public Accounts Committee and the Finance Committee.
The companies got ipo permission only from November last fiscal year. Guardian Micro Life Insurance had received the IPO approval on November 15.
After this, Nepal Micro and Crest Micro Life got the IPO permission on January 15 and January 15 respectively.
Similarly, eight hydropower and energy companies were among those who got IPO approval in the last fiscal year. Four companies from different sectors have got IPO approval.
These companies have sold a total of 39,272,294 units of IPO to the general public. These companies have raised a total capital of Rs 3.92 billion from the IPO sale.
There are still 73 IPOs in the pipeline of the Securities Board. These companies have sold a total of 371,413,383 units of IPO and are preparing to raise rs 53.84 billion.
