Kathmandu. Citizen Stock Dealer and Nabil Stock Dealer will be able to issue ordinary shares (IPOs).

The Securities Board has implemented this provision by issuing the Securities Entrepreneurs (Securities Brokers and Securities Traders) (Sixth Amendment) Rules, 2082. Sebon has made this provision by adding Rule 11A to the original regulations.

Article 11A provides that “notwithstanding anything contained elsewhere in the regulations, the Board may permit a licensed securities trader to make a public issue of securities”.

The paid-up capital of Nagarik Stock Dealer and Nabil Stock Dealer is Rs 1.5 billion. At present, there are 2 full-functioning brokers i.e. stock dealers in Nepal.