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After Dashain, Sebon is giving permission to IPO issuance, how many companies are in line?

nabil
global ime

Kathmandu. After Dashain, the Securities Board of Nepal (SEBON) is going to expedite the IPO issuance process. The process of issuance, which has been reduced for a long time, is now coming to completion.

According to Niranjay Ghimire, spokesperson of SEBON, permission has been given for the issuance of ordinary shares (IPO) which has been stalled since April. He said that the Securities Board of Nepal (SEBON) has again started the approval process for the IPO which was stalled after April 2.TAG_OPEN_div_38

The Board of Directors meeting held on October 16 has given formal approval to Him Parbat Hydropower Limited for the IPO issuance. The company has also fixed the time for the IPO issuance. With the decision, the door has also been opened for the companies waiting in the pipeline to enter the capital market.TAG_OPEN_div_36

Niranjay Ghimire, spokesperson of Sebon, said in an interview with Investment News that the IPO issuance will be allowed gradually on the basis of the application received in SEBON. According to him, other companies that have completed the process will also be allowed to issue IPOs in the coming days.TAG_OPEN_div_34

Ghimire said that preparations are being made to grant approval for the issue in a phased manner after the companies fully comply with the prescribed legal process, standards and regulatory conditions.TAG_OPEN_div_32

How many companies are on the line?

At present, 111 companies are in the pipeline for IPOs. There are 49,05,520 shares awaiting IPO in Sebon. A total of Rs 70,64,98,80,869 worth of IPOs are in the process of approval.TAG_OPEN_div_29

The highest number of IPOs of hydropower companies have been IPOs. 34 hydropower companies have applied to the board for IPO issuance. Companies in this sector have sought permission from SEBON to issue a total of 16,83,76,236 shares.TAG_OPEN_div_27

As many as 32 companies in the manufacturing and processing sector are awaiting the board’s approval to float IPOs. Companies in this sector are awaiting the board’s approval for the IPO issuance of a total of 17,41,91,303 units. Companies in these sectors are preparing to launch IPOs worth Rs 35.71 billion.TAG_OPEN_div_25

Similarly, 18 companies in the hotel and tourism sector are also preparing for IPO issuance. Companies in these sectors have applied for a total of 5,82,13,930 units of shares on Sebon. If approved by SEBON, the sector alone will issue IPOs worth Rs 6.45 billion.TAG_OPEN_div_23

Similarly, 9 investment group companies, 3 micro insurance companies and 15 companies from various sectors are preparing to bring IPOs.TAG_OPEN_div_21

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