IPOs worth Rs 1.21 billion to be issued

Published On: January 26, 2022 11:32 AM NPT By: Republica | @RepublicaNepal

KATHMANDU, Jan 26: Are you thinking of buying shares at Rs 100 per unit? If so, there is good news.

Various companies have made final preparations for the issuance of initial public offerings (IPOs) worth more than Rs 1.21 billion for Rs 100 per unit. As final preparations have been made for issuing the shares, the interested parties can now start saving the amount. The Securities Board of Nepal (Sebon) has given permission to microfinance and hydropower companies to issue IPOs.

Of the companies in the final stages of issuing IPOs, hydro companies have the largest number of shares. Hydropower companies are preparing to issue IPOs worth Rs 995.94 million.

Institutions under the microfinance category will issue public shares worth Rs 220.75 million. Sebon has not been able to appoint a chairman for a long time. However, the people who have been leading the board in recent times have decided not to stop the process of IPO issuance even though the chairman could not be appointed.