Kathmandu. Ashutosh Energy Company is going to issue an initial public offering (IPO) to the public. The Securities Board of Nepal (SEBON) has given approval to the company to publish the prospectus for the IPO issuance.

According to the approval received from the board, the company will issue a total of 12 lakh shares at the face value of Rs 100 per share. Accordingly, the company has been allowed to issue an IPO worth Rs 12 crore.

NMB Capital Limited has been appointed as the issue manager for the IPO issuance and sale of the company. The Securities Board of Nepal (SEBON) has given approval for the publication of the prospectus on November 20.

With the approval of the board, the IPO issuance process of Ashutosh Energy Limited is going to move forward.