Kathmandu. The Securities Board of Nepal (SEBON) has classified about 125 companies for the IPO issuance.

The 117 companies that have applied for the IPO have been categorized into six phases.

A total of 117 companies are in the pipeline for the IPO of 510 million 81 thousand 946 units worth Rs 71.42 billion.

According to Sebon, there are 76 companies in the first phase. After these companies applied for IPO on Sebon, the board did not provide the complete documents as per the demand.

In the second phase, there are 6 companies. In the third phase, there are 4 companies.

Among them, two companies have reached the final review phase while the applications of 10 companies are being reviewed in the fifth phase.

Similarly, in the fourth phase, there are 19 companies. In the fifth phase, there are 10 companies and in the sixth phase, there are 117 companies.

The two companies that are in the final stage are Ashutosh Energy and Kantipur Pharmaceuticals Lab Limited. These two companies have applied for the issue of 29 lakh shares worth Rs 29 crore.

Ashutosh Energy has applied for 12 lakh units of shares worth Rs 12 crore and Kantipur Pharmaceuticals Lab has applied for 17 lakh units of shares worth Rs 17 crore.

NMB Capital has been appointed as the issue manager of Ashutosh Energy and Muktinath Capital has been appointed as the issue manager of Kantipur Pharmaceuticals.