KATHMANDU, March 11: Thirteen companies have been looking forward to receiving approval from the Securities Board of Nepal (Sebon) to issue their primary shares worth Rs 4.56 billion.
According to Sebon, a total of 45,636,745 units of the primary shares from these companies are in the pipeline. Of these companies, 10 are hydropower companies. Of the remaining, two are microfinance companies and one is related to digital media.
Sebon’s records show that three companies applied for the regulator’s approval in the last month. These include Manakamana Smart Laghubitta, Jeevan Bikas Laghubitta and Sayapatri Hydropower that have targeted to issue 3,266,300 units of initial public offerings.