Kathmandu. Two more companies have started the process to bring IPOs in the stock market of Nepal. Kabeli Hydropower and Nivix Pharmaceuticals have applied to the Securities Board of Nepal (SEBON) to bring the initial public offering (IPO).
If the Securities Board of Nepal approves it, Kabeli Hydropower will float an IPO worth Rs 41.25 crore. Accordingly, the company will issue a total of 4,125,000 units of ordinary shares at face value of Rs 100.
NMB Capital has been appointed as the issue manager for the IPO.
Similarly, if the Securities Board of India approves it, Nivix Pharmaceuticals will float an IPO worth Rs 13.75 crore. Accordingly, the company will issue a total of 1,375,000 units of ordinary shares of face value.
Nepal SBI Merchant Banking Limited has been appointed as the issue manager for the IPO of Nevix Pharmaceuticals.
