Upcoming Initial Public Offerings (IPOs)

Altogether 14 companies, including 4 hydropower have filed application at the Securities Board of Nepal (SEBON) seeking permission to issue their Initial Public Offering (IPO), which collectively stands at around Rs 3.05 arba.

The Hydroelectricity Investment and Development Company Limited, Khanikhola Hydropower Company Limited, Synergy Power Development Limited and Ngadi Groups Power Limited are the Hydropower companies which are going to issue IPO .

The Hydroelectricity Investment and Development Company Limited will be floating IPO worth Rs 2 arba. The issue manager for this issue will be Citizen Investment Trust. The company had applied for the IPO on Magh 22, 2071.

Similarly, Khanikhola Hydropower Company Limited is in the row to float the IPO worth Rs 4.65 crore to the local residents. Ngadi Groups Power limited and Synergy Power Development Limited , which will issue the IPO worth Rs 4.86 crore and Rs 7 crore respectively. Civil Capital Markets and NIBL Capital Markets are issue manager for the IPO respectively.

Another much-awaited IPO is that of Mero Microfinance Bittiya Sanstha Limited which is seeking to float the IPO worth Rs 6.12 crore. Global IME capital Limited will be managing its IPO.

Likewise, Samabridhi Bikas Bank is in the process to float the IPO worth Rs 3 crore and Growmore Merchant Banker will be managing its IPO. Nepal Industrial Development Corporation will be issuing worth Rs 18.41 crore.

Shikhar Insurance Company Limited will be issuing Further Public Offering (FPO) of 510,988 kittas at Rs 650 per kitta. -SSN