"IPO Pipeline Status Fiscal Year 2015/16 (FY 72/73)* "
A total of 13 companies are awaiting approval from Securities Board of Nepal (Sebon) to launch their initial public offering (IPO).
According to Sebon, these IPOs are worth Rs 6.49 billion. Companies like Investa Finance Company Ltd, City Homes Ltd, Rajdhani Investment Fund Ltd and Nepal Industrial Development Corporation, among other are awaiting the regulator's nod to float their primary shares.Similarly, Mercantile Finance Company Ltd, Samabriddhi Bikas Bank Ltd (SBBL), Civil Capital Ltd, Synergy Power Development Ltd, Mero Microfinance Bittiya Sanstha Ltd and Green Development Bank Ltd are other companies seeking Sebon's go-ahead to launch their IPO.SBBL, which initiated merger process recently, however, has withdrawn its IPO process.
Dibyashwari Hydropower Ltd and Ngadi Groups Power Ltd are also in the process to float their ordinary shares to the public.
Similarly, Nepal Investment Bank Ltd has also applied for the capital market regulator's nod to issue its further public offering (FPO) worth Rs 5.45 billion.
Some of the companies have been waiting for the regulator's nod for the last six years.Dibyashwari's IPO is the biggest of these companies. The hydropower developer plans to Rs 264 million from the market. The IPO, however, will be only for the locals of project-affected areas in the first phase, according to the company's documents submitted at Sebon.
source: republica,11 jan 2016
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A total of 13 companies are awaiting approval from Securities Board of Nepal (Sebon) to launch their initial public offering (IPO).
According to Sebon, these IPOs are worth Rs 6.49 billion. Companies like Investa Finance Company Ltd, City Homes Ltd, Rajdhani Investment Fund Ltd and Nepal Industrial Development Corporation, among other are awaiting the regulator's nod to float their primary shares.Similarly, Mercantile Finance Company Ltd, Samabriddhi Bikas Bank Ltd (SBBL), Civil Capital Ltd, Synergy Power Development Ltd, Mero Microfinance Bittiya Sanstha Ltd and Green Development Bank Ltd are other companies seeking Sebon's go-ahead to launch their IPO.SBBL, which initiated merger process recently, however, has withdrawn its IPO process.
Dibyashwari Hydropower Ltd and Ngadi Groups Power Ltd are also in the process to float their ordinary shares to the public.
Similarly, Nepal Investment Bank Ltd has also applied for the capital market regulator's nod to issue its further public offering (FPO) worth Rs 5.45 billion.
Some of the companies have been waiting for the regulator's nod for the last six years.Dibyashwari's IPO is the biggest of these companies. The hydropower developer plans to Rs 264 million from the market. The IPO, however, will be only for the locals of project-affected areas in the first phase, according to the company's documents submitted at Sebon.
source: republica,11 jan 2016
LINK
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