The Securities and Exchange Board of Nepal (SEBON) has moved ahead with the final approval process for the issuance of IPOs of five companies. Small investors are excited after the board completed the final process to allow five companies to issue IPOs.
After the suspension of Bhishma Raj Dhungana, the then chairman of SEBON, the board did not take any action on the IPO issue. The board has not yet given permission to any company to issue IPO after Shrawan Buddhabhumi Nepal Hydropower was allowed to issue IPO. No IPO has been issued in the primary market recently after the IPO of Samling Power Company Limited.
The Securities and Exchange Board of Nepal (SEBON) on Wednesday finalized to allow permission of IPO of Balephi Hydropower Limited, Green Ventures Limited, Jalpa Samudayik Laghubitta Bittiya Sanstha Limited (JSLBSL), Rastra Utthan Laghubitta Bittiya Sanstha Limited, and NESDO Sambridha Laghubitta Bittiya Sanstha.
According to SEBON spokesperson and executive director Niraj Giri, the companies have yet to process the listing of securities and acceptance of invoices for the issuance of primary shares.
Balephi Hydropower is preparing to issue a total of 36,055,940 IPO units including project-affected locals and the general public. For this, Balephi Hydropower had registered an application with the Securities and Exchange Board on 2077-11-25.
Similarly, Green Ventures Limited had applied to the Securities and Exchange Board of India (SEBI) from 28 Falgun 2077 for the issuance of a total of 6.25 million IPO units to the project affected locals and the general public. Jalpa Samudayik Laghubitta is about to issue 522,000 units and Rastra Utthan Laghubitta is about to issue 850,000 units to the public.
Jalpa Samudayik Laghubitta had applied on 2078-3-20 and Rastra Utthan Laghubitta on 2078-3-24. NESDO Sambridha Laghubitta had applied for the sale of 8 lakh 28 thousand 750 units of IPO on 2078-3-6.
8 billion 50 million 87 million 84 thousand 400 rupees equivalent to 783 million 67 thousand 8 hundred 44 units are waiting for IPO issuance approval. At present, 31 companies, including these five companies, are awaiting IPO approval from the Securities and Exchange Board.
Meanwhile, four companies are awaiting permission to issue the right shares. Shikhar Insurance has applied to the board seeking permission to issue 52,75,572 units in the ratio of 1: 0.3, and IME General Insurance in the ratio of 1: 0.4 to 46,030,344 units of Right Share.
Apart from this, Api Power has sought permission to issue 1,860,000 units in the ratio of 1: 0.3936, and Nepal Finance in the ratio of 1: 0.7 to 34,054,474.28 units of Right Share.
| List of Companies for IPO Pipeline | IPO Units |
| Balephi Hydropower Limited | 36,055,940 |
| Green Ventures Limited | 62,50,000 |
| Jalpa Samudayik Laghubitta Bittiya Sanstha Limited (JSLBSL) | 5,22,000 |
| Rastra Utthan Laghubitta Bittiya Sanstha Limited | 8,50,000 |
| NESDO Sambridha Laghubitta Bittiya Sanstha Limited | 8,28,750 |
