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Rs 56.13 billion IPO in Sebon’s pipeline: How many other companies?

लगानी न्यूज

Kathmandu. As many as 71 companies are awaiting approval from the Securities Board of Nepal (SEBON) for the initial public offering (IPO). A total of 71 companies are awaiting approval from SEBON to issue 39,64,70,000 units of shares worth Rs 56.13 billion.

There is a provision that companies in the pipeline in Sebon have to follow certain legal procedures to bring in an IPO. According to SEBON’s securities registration and issuance regulations, a company must file an application with the board, commonly known as the IPO pipeline, before issuing shares to the public.

According to the process of SEBON, the company should appoint a securities issue and sales manager in the first step and apply to SEBON with the necessary documents.TAG_OPEN_div_39 Along with the application, the applicant has to submit the letter of association, Memorandum of Association of the company, audited financial statements of the last three years, project details, share structure, risk statements and details of proposed issuance. A total of 71 companies have applied for IPO issuance.

In the case of a hydropower company, the technical condition of the project, generation capacity, commercial operation date (COD) and power purchase agreement (PPA) must also be included.TAG_OPEN_div_37 As per the provision, 34 hydropower companies have sought permission to issue IPOs in Sebon.

Hydropower companies are in the pipeline for IPOs. A total of 34 companies in the region are awaiting IPO issuance. 34 Hydropower Company has sought permission from SEBON to issue 16,01,71,904 units of shares. The hydropower company is preparing to issue shares worth Rs 16.42 billion.

Generation and processing companies are the companies with the highest number of IPOs in the pipeline after Hydro Power Company.TAG_OPEN_div_33 A total of 23 companies in the manufacturing and processing sector have applied to SEBON for IPOs. A total of 23 companies have applied to the board for the issuance of 14,31,18,522 units of shares. These companies have sought permission from the Securities Board of India (SEBON) to issue shares worth Rs 28.65 billion. A company in the manufacturing and processing sector has applied to Sebon to issue shares at a premium price.

Similarly, 9 companies in the hotel and tourism sector are also awaiting SEBON’s approval for IPO issuance.TAG_OPEN_div_31 Nine companies in the hotel and tourism sector have applied to the board for the issuance of 2,65,93,130 units of shares. The hotel and tourism sector is awaiting approval from Sebon for an IPO worth Rs 2.65 billion.

Similarly, 4 companies in the investment sector have also applied to SEBON for IPO issuance.TAG_OPEN_div_29 Four companies of the investment sector have sought permission from the board to issue 1,86,50,374 units of shares. These companies in the investment sector are going to bring IPOs worth Rs 3.14 billion.

Similarly, 11 companies from other sectors have applied to Sebon for IPO issuance.TAG_OPEN_div_27 The company has applied to the board for the IPO of 4,11,86,069 units. Sebon has an IPO worth Rs 4.57 billion in the pipeline.

Similarly, 3 companies in the micro insurance sector are also awaiting IPO issuance permission.TAG_OPEN_div_25 Three companies from this sector have applied for the issue of 6,75,000 units of shares. Sebon has an IPO of Rs 67.50 crore in the pipeline. The IPO issuance process of these 71 companies will proceed only after the approval of Sebon.

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