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KATHMANDU, June 18: Simrik Air is set to issue ordinary shares (IPO) at a premium rate. The company has called a general meeting for July 9 to approve the IPO plan. Once approved, the issuance process will begin.
The company will also propose issuing bonus shares to increase its paid-up capital. This decision was made during a board meeting on Tuesday.
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Lately, airline companies have also shown interest in entering the stock market through IPOs.
However, the Securities Board of Nepal has halted approvals for premium and book-building IPOs due to ongoing controversy. Recently, the Finance Committee of the Federal Parliament directed the board to ensure that companies planning premium IPOs have a minimum net worth of Rs 90 per share.
