Kathmandu. The Securities Board of Nepal (SEBON) has given permission to two companies to float IPOs. The board has given permission to Sopan Pharmaceuticals and Yambling Hydropower to issue IPOs.

The board has given permission to Yambling Hydropower to issue an initial public offering (IPO) of Rs 28 crore. The company will issue a total of 28 lakh units of shares at a face value of Rs 100. Muktinath Capital has been appointed as the issue manager for the IPO issuance.

The board has approved the IPO of Sopan Pharmaceuticals worth Rs 42.90 crore. The company will issue a total of 42,90,000 units of shares at a face value of Rs 100. NMB Capital has been appointed as the issue manager for the IPO issuance.