Kathmandu. The Securities Board of Nepal (SEBON) has added 6 IPOs to its pipeline. A total of 2 hydropower companies and 4 companies of the Production and Prosperity group have applied to the Securities Board of Nepal (SEBON) seeking IPO approval.
In the hydropower group, Super Hewa Power Company and Raghuganga Hydropower have sought permission from the Securities Board of Nepal (SEBON) to float IPOs. Super Hewa Power will issue 1,950,000 units of shares at face value of Rs 100 per unit and Raghuganga Hydropower will issue 1.5 crore units to the company. Laxmi Sunrise Capital and Raghuganga Hydropower have been appointed as the issue managers for the IPO issuance.
Similarly, Rajesh Metal Crafts, Annapurna Fish Feed Industry, Yubarani Agro Industries and Premier Distillery have sought permission from the Securities Board of Nepal (SEBON) to issue IPOs at a face value of Rs 100. After the approval of the Securities Board of Nepal (SEBON), Rajesh Metal Crafts will issue 60 lakh units, Annapurna Fish Feed Industry will issue 10,09,531 units, Yuvrani Agro Industries will issue 16,50,000 units and Premier Distillery will issue 22,50,000 units.
Nabil Investment Banking, Rajesh Metal Crafts, Laxmi Sunrise Capital, Annapurna Fish Feed Industries, Prabhu Capital, Yubarani Agro Industries and Siddhartha Capital of Premier Distillery have been appointed as the issue managers.
