Of the companies getting approvals for public issues, 17 are Development Banks, three Insurance Companies, six Finance Companies and two commercial banks. [break]
Araniko Development Bank and Seti Bittiya Sanstha are issuing 980,000 units and 196,000 units of shares respectively with face value of Rs 100 each under Initial Public Offering (IPO).
Araniko and Seti are issuing public shares from June 25 and June 28 respectively for five days. Growmore Merchant Banker and Civil Capital Market are the issue managers of Araniko and Seti respectively.
SEBON-the security market regulator-- had granted permission in the first week of this month.
Similarly, SEBON has also given permission to 30 different companies for rights share issue worth Rs 9.30 billion during the last eleven months.
Those getting permission for rights issues are 13 Finance Companies, eight Development Banks, two Insurance Companies and seven commercial
banks.
Of them Gorkha Finance, Om Finance, Pashupati Development Bank, Sahayogi Development Bank, Sunrise Bank and United Finance are issuing right shares within two months.
SEBON stated that total 17 companies have approached for permission for Initial Public Offering (IPO) of their shares valued at RS 1.31 billion. Of the companies applying for IPO are four Finance Companies, 11 Development Banks, and two companies from Others group.
Similarly, total 25 companies-- 15 Finance Companies, six Development Banks, two Commercial Banks, one each from company from hydropower and Insurance company-have applied for issue of 80.91 million units of right shares worth Rs 8.09 billion.
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