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KATHMANDU, June 20: The Securities Board of Nepal (SEBON) has granted permission to Swastik Laghubitta Bittiya Sanstha to issue ordinary shares (IPO). The board approved the company’s proposal to issue 231,000 units of ordinary shares worth Rs 23.1 million.
Nabil Investment Banking Limited has been appointed as the issue manager for the microfinance company’s IPO. So far in the current Fiscal Year, the SEBON has approved IPOs for 12 companies.
Swastik Laghubitta to issue IPO worth Rs 23.1 million
Among them, five are from the hydropower sector, three from micro-insurance, two from other sectors, and one each from the manufacturing and microfinance sectors. In total, the SEBON has approved the issuance of ordinary shares worth Rs 2.95 billion.
Meanwhile, 44 companies are currently awaiting approval to issue ordinary shares. The majority of them — 35 companies — belong to the hydropower sector.
