Kathmandu. In the year 2081, eight companies have got permission from the Securities Board of Nepal to issue and sell IPOs. Reliance Spinning Mills, Guardian Micro Life, Nepal Micro Life, Crest Micro Life, Om Megashree Pharmaceuticals, Pure Energy, Sanvi Energy and Trade Tower company got approval from the board.
These companies got 19 million 67 thousand 653 units of IPO license worth a total of Rs 2 billion 73 crore 99 lakh 81 thousand 268 rupees.
Reliance Spinning Mills has received approval from the board for the sale of 1,155,960 units of shares worth Rs 948.81 million. The company has sold shares to institutional investors. The board has stopped the ipo sale process of the company for the general public. The board has stopped the IPO sale process for the general public after the company’s financial health deteriorated. Global IME Capital is the ipo issue manager of the company.
Similarly, Guardian Micro Life has also received ipo approval in the year 2081. The company has received approval from the board to sell 2.25 million units of IPO worth Rs 225 million of the current paid-up capital. The company has already issued an IPO and has now traded shares in the secondary market.
Similarly, Nepal Micro Insurance has received permission to sell 2.25 million units of ipo worth Rs 225 million of its current paid-up capital. Shares are currently being traded in the secondary market after the company issued the IPO and allotted it.
Crest Micro Life has also received approval from the board to sell 2.25 million units of ipo worth Rs 225 million of its existing paid-up capital. The shares are currently being traded in the secondary market after the company issued an IPO and allotted it.
Om Megashree has also received permission from the board to sell 1.8 million units of IPO worth Rs 180 million. The company has already issued an IPO and distributed it. However, it is yet to be listed in the secondary market. Prabhu Capital is the ipo issue manager of the company.
Pure Energy has received approval from the board to sell 1.6 million units of IPO worth Rs 160 million of its current paid-up capital. The company’s IPO is currently being issued. Nabil Investment Banking is the ipo issue manager of the company.
Sanvi Energy has received permission to issue an IPO worth Rs 379 million, which is 43.07 per cent of the issued capital of Rs 880 million. Accordingly, the company will open a total of 3.79 million units of IPO at a face value of Rs 100. Nepal SBI Merchant Banking is the IPO sales manager of Sanvi Energy. The company is going to open the IPO sale from April 15.
Trade Tower has received permission from the Securities Board of Nepal to bring an IPO worth Rs 397.169 million. Accordingly, the company will open a total of 3,971,693 units of IPO at a face value of Rs 100 each. The company is going to launch an IPO of 48.696 percent of the paid-up capital. After the IPO sale, the paid-up capital of the company will reach Rs 815.6million. Laxmi Sunrise Capital is the ipo sales manager of Trade Tower.
