Four hydropower IPO public stock worth over Rs 13 arba Coming Soon......

Four hydropower companies being built by Nepali investors are planning to issue the Initial Public Offerings (IPOs) worth Rs 13.32 arba in near future.

Four hydropower companies led by the Chilime group are in the process of floating their IPOs worth Rs 8.13 arba and another IPO of the Upper Tamakoshi project worth Rs 5.18 arba is in the pipeline.

Upper Tamakoshi, Sangen, Rasuwagadi and Mid-Bhotekoshi are planning to set aside the primary shares worth Rs 5.67 arba to the depositors of the Employees Provident Fund, and Rs 2.71 arba to the local affected people.

IPO issue worth 3.97 arba & rights shares of 6.18 arba in the pipeline

Altogether 17 companies, including a commercial bank, have applied at the Securities Board of Nepal (SEBON) to issue the Initial Public Offer (IPO), which collectively comes to the tune of Rs 3.97 arba.

Moreover, 34 companies have sought the regulatory body’s approval for issuance of rights shares worth Rs 6.19 arba, according to SEBON sources.

More hydro power companies to enter capital market

With the number of financial institutions going public waning, primary investors will see more hydropower companies entering stock market.

More hydropower firms are seeking to issue shares to public to raise capital, while the public is also taking into these shares for its lucrative returns and handsome dividends.

IPO worth 16 arba & Right shares worth 7 arba in the pipeline

Sixteen companies, including Century Commercial Bank and Upper Tama Koshi Hydropower Company, have filed application at the Securities Board of Nepal (SEBON) seeking permission to issue their Initial Public Offer, which collectively stands at around Rs 16 arba.

IPO shares issue of five hydropower companies soon

Five hydropower companies, including two registered with the Securities Board of Nepal (SEBON), are going to public shares shortly.
These companies are Sanima Hydropower, Ridi Hydropower Development Company, Barun Hydropower Company, Upper Tamakoshi Hydropower and Arun Valley Hydropower Company.

Upper Tamakoshi hydro applies IPO Public share to Sebon worth Rs 5.18b

Having completed almost 50 percent of the construction work, the Upper Tamakoshi Hydropower Project Limited (UTHPL) is now gearing up for an initial public offering (IPO). Worth Rs 5.18 billion, the IPO will be the country’s largest so far.
The UTHPL last week formally applied to the Securities Board of Nepal (Sebon) for the IPO and has appointed Citizen Investment Trust (CIT) as the issue manager. UTHPL acting chief Bigyan Shrestha confirmed the development.