Moreover, 34 companies have sought the regulatory body’s approval for issuance of rights shares worth Rs 6.19 arba, according to SEBON sources.
“If we calculate the volume of the shares these companies are seeking to float it comes to the tune of 10.5 arba,” a SEBON source said. “We are assessing the applications, and would give the approval in the near future.”
The Upper Tamakoshi alone wants to float the equity shares worth Rs 2.54 arba.
Another much-awaited IPO is that of Century Commercial Bank, which is seeking to float the equity shares of Rs 92 crore. The Citizen Investment Trust, Nabil Investment, Civil Capital and Growmore Merchant Banker will be managing its IPO.
Most of the companies seeking the issuance of IPO and rights shares are BFIs.
Nepal Community Development Bank, which is seeking the IPO worth Rs 3 crore, and Cosmos Development Bank, which want to issue the IPO worth Rs 1.75 crore.
Barun Hydropower Company wants to issue the IPO worth Rs 2.43 crore to the local residents in and around the project site.
Likewise, Sahara Bikas Bank is seeking to float the IPO worth Rs 60 lakh and Nagbeli Laghubitta Bikas Bank, is seeking the IPO worth Rs 42.9 lakh.
Other companies include Mount Makalu Development Bank and Sahara Bikas Bank.
Though NIDC Development Bank, City Homes, Rajdhani Investment Fund, Invest Finance Limited, and Mercantile Finance Limited had also applied at the SEBON, Invest Finance has voluntarily withdrawn while the rest are yet to complete the due procedure.
NIDC Development Bank has stated that it will reapply to issue the IPO worth Rs 18.49 crore.
-sharesansar
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